Boston Beer Reports Total Revenue of USD 603.3 Million for Q2 FY2023, Down 2.1% from Prior Year
August 2, 2023
🌥️Earnings Overview
For Q2 of FY2023, ending June 30, 2023, BOSTON BEER ($NYSE:SAM) declared a total revenue of USD 603.3 million, which was a 2.1% decrease from the same period in FY2022. However, the company’s net income saw an 8.8% increase year over year to USD 58.0 million.
Analysis
GoodWhale recently conducted an analysis of BOSTON BEER‘s wellbeing and found that, according to their Risk Rating, BOSTON BEER is a medium risk investment in terms of both financial and business aspects. Two risk warnings have been detected in the company’s balance sheet, which are non-financial in nature. The exact details of these warnings can be found on the GoodWhale website. Boston Beer is an American craft beer company and is a publicly traded company, so it is important to take into consideration their risk level when investing in them. With GoodWhale’s analysis, investors can get a better understanding of the potential risks of investing in BOSTON BEER. Thus, investors may want to register on goodwhale.com to check out the details of the risk warnings before investing. 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
Boston Beer‘s second quarter of FY2023 saw total revenue decline by 2.1% year-over-year, to USD 603.3 million. Despite this, net income rose 8.8%, to USD 58.0 million. Investors may find this a positive sign of the company’s financial health, as well as the success of its cost-saving initiatives. The healthy increase in net income is likely to be further supported by Boston Beer’s strong brand recognition and loyal customer base.
Additionally, the company’s robust product portfolio and growth potential in new regions are likely to support investors’ long-term growth expectations. Overall, Boston Beer appears to be well positioned for continued success through strategic investments and operational efficiencies.
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