Boston Beer Reports 2.1% Decline in Revenue for Q2 FY2023 at USD 603.3 Million
August 11, 2023
🌥️Earnings Overview
On June 30 2023, BOSTON BEER ($NYSE:SAM) disclosed second-quarter FY2023 earnings, which resulted in a total revenue of USD 603.3 million, a 2.1% decrease compared to the same period in the prior year. Net income, on the other hand, increased 8.8% year over year to USD 58.0 million.
Analysis
The GoodWhale analysis of BOSTON BEER‘s financial and business fundamentals reveals that the company is rated as a medium risk investment. This means that investors should exercise caution and be mindful of potential risks when investing in the company. GoodWhale has detected two risk warnings in BOSTON BEER’s balance sheet which are non-financial in nature. However, only registered users can access this information due to its confidential nature. As such, investors should register with GoodWhale in order to gain access to this data and make a viable investment decision. Moreover, investors should also look into additional aspects like the company’s competitive landscape, market positioning, and management of resources when assessing the risk associated with the investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boston Beer. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 64.95 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Beer. More…
| Operations | Investing | Financing |
| 179.58 | -72.82 | -36.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Beer. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.49k | 405.36 | 88.85 |
Key Ratios Snapshot
Some of the financial key ratios for Boston Beer are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.0% | -13.3% | 5.7% |
| FCF Margin | ROE | ROA |
| 5.1% | 6.9% | 4.9% |
Peers
Boston Beer Co Inc is a leading American brewer that manufactures and sells beer and cider under the Samuel Adams, Angry Orchard, and Twisted Tea brands. The company competes with Anheuser-Busch InBev SA/NV, Molson Coors Beverage Co, and Constellation Brands Inc.
– Anheuser-Busch InBev SA/NV ($LTS:0RJI)
Anheuser-Busch InBev SA/NV, a Belgian-Brazilian multinational beverage and brewing company, is the world’s largest brewer. The company was formed through successive mergers of three international brewing groups: Interbrew from Belgium, AmBev from Brazil and Anheuser-Busch from the United States. It has a primary listing on the Euronext Brussels stock exchange and is a component of the Euro Stoxx 50 stock market index.
As of 2019, Anheuser-Busch InBev’s net sales totaled US$52.5 billion, with a gross profit of US$24.2 billion. The company’s operating income totaled US$11.9 billion, and its net income was US$9.3 billion. Its head office is in Leuven, Belgium.
– Molson Coors Beverage Co ($NYSE:TAP)
Molson Coors Beverage Co is a publicly traded company that operates in the brewing industry. The company has a market cap of 10.5B as of 2022 and a Return on Equity of 5.05%. The company’s primary operations are in the United States, Canada, and the United Kingdom. Molson Coors Brewing Company was founded in 1873 by John Molson in Montreal, Canada. The company produces a variety of beer brands including Coors Light, Miller Lite, Molson Canadian, and Carling.
– Constellation Brands Inc ($NYSE:STZ)
Constellation Brands Inc is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, Europe and Asia. The company’s products include some of the world’s best-known brands, such as Corona, Modelo Especial, Ballast Point and SVEDKA Vodka, as well as innovative new products such as High West Whiskey. Constellation Brands is dedicated to delivering exceptional service to its customers and driving sustainable growth for its shareholders.
Summary
Investors may be pleased with Boston Beer‘s Q2 FY2023 results, as the company reported total revenue of USD 603.3 million, a 2.1% decrease compared to the same period of the previous year. Despite this dip in sales, net income increased 8.8%, to USD 58.0 million. The company’s ability to maintain profitability despite declining sales suggests that its cost-cutting measures are proving effective, and its diversified product portfolio has likely helped to buffer the revenue dip. Meanwhile, Boston Beer remains an attractive investment opportunity due to its resilient performance and strong brand recognition.
Related Posts
Recent Posts
