$SAM

Boston Beer (SAM) Reports Q3: Everything You Need To Know Ahead Of Earnings

Boston Beer (SAM) reports Q3 earnings on Thursday. Revenue of $568.3M met expectations, down 3.3% YoY, with EPS missing estimates. Analysts expect revenue to decline 3.1% YoY. Peers Constellation Brands and Conagra reported mixed results. SAM shares up 7.5% in a month, with an average price target of $194.31.

Original reporting
Published Oct 21, 2026, 1:10 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 21, 2026, 1:29 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Boston Beer (SAM) Reports Q3: Everything You Need To Know Ahead Of Earnings — source image
Decision brief

The 30-second read

$SAMBearishLow
01

Why it matters

The earnings preview suggests possible price pressure if the upcoming report confirms the revenue and EPS miss, but recent upside and analyst price targets may cushion the move.

02

Market read

Earnings preview for a mid‑cap consumer staples stock; modest trading relevance.

03

What to watch

Potential positive guidance or new product announcements could offset the revenue shortfall.

Relevance 4/10Novelty 2/10Timing: Thursday after market close

Background

Boston Beer (SAM) is previewing its Q3 earnings with mixed prior quarter results and a notable price rally.

Company-level read

Ticker impact

$SAMBearishMedium confidence
Context

Boston Beer is set to report Q3 earnings Thursday after market close; revenue $568.3M missed expectations and EPS guidance was below estimates.

Expected impact

potential downside as market prices in revenue and EPS shortfall

Evidence & confidence

The preview highlights a revenue miss and EPS shortfall, which typically lead to sell pressure unless guidance improves.

Market effects

Consumer staples peers may see relative moves as investors compare earnings performance.

U.S. consumer discretionary sentiment could be modestly affected.

Limited to U.S. markets; no broader macro impact.

Counterpoint

Despite the miss, the stock's recent 7.5% rally and strong price target may support a short‑term bounce.

Key entities

  • Boston Beer

    U.S. listed brewer (ticker SAM) preparing to release Q3 earnings.

Related articles

$SAMHigh

Morgan Stanley raises Boston Beer stock price target on margin gains

Morgan Stanley raised its price target for Boston Beer (SAM) to $200 from $190, citing better-than-expected Q3 earnings of $4.37 per share and improved gross margins. The company reported $520.1M in revenue, slightly below estimates, but raised fiscal 2026 EPS guidance. Analysts noted margin gains and cost efficiencies despite volume declines and higher freight costs.

$SAMHighAI 8/10

Boston Beer Co Inc (SAM) (Q3 2026) Earnings Call Highlights: Record Gross Margin

Boston Beer Co (SAM) reported a Q3 2026 gross margin of 51.7%, up 90 bps YoY, driven by efficiencies and price increases. SunCruiser grew 60% in tracked channels, while Angry Orchard saw triple-digit growth in seasonal packs. However, depletions and shipments declined 5% due to struggles in Twisted Tea, Truly, and Samuel Adams. The company faces cost headwinds but repurchased $80M in shares YTD. SAM raised gross margin and EPS guidance, citing savings agenda progress.

$SAMMed

Boston Beer (SAM) Q3 2026 Earnings Call Transcript

Boston Beer (SAM) reported Q3 2026 earnings, highlighting a 90-basis-point gross margin increase to 51.7% and $80M in share repurchases. Sun Cruiser grew 60%, while Angry Orchard saw consecutive quarter growth. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. The company raised gross margin and EPS guidance despite elevated freight costs.

$SAMMed

Boston Beer Q3 Earnings Call Highlights

Boston Beer (SAM) reported Q3 non-GAAP EPS of $4.37, excluding litigation costs. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. Gross margin is forecasted at 49-50%, and non-GAAP EPS guidance is $9.00-$10.50. Sun Cruiser grew 60% in Q3, while Truly is undergoing strategy reassessment. The company ended Q3 with $308M in cash and $150M available on its credit line.