• 金. 10月 22nd, 2021

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    Boston Beer Soars as Hard Seltzer Becomes the At-Home Drink of Choice By Investing.com

    ByRealtrade.news

    7月 25, 2020


    © Reuters.

    By Christiana Sciaudone

    Investing.com – Move over beer, hard seltzer is taking over. 

    The Boston Beer (NYSE:) Company reported second quarter net sales of $452 million, up 42% from a year earlier, thanks to increased sales of hard seltzer products. Profit of $60 million rose 116% from the same period in 2019, and earnings per share of $4.88 compared to last year’s $2.52.  

    Shares of SAM rose 22%, to an all-time high amid a sea of red. 

    “The growth of the Truly brand, led by Truly Hard Lemonade, has accelerated and continues to grow beyond our expectations,” said Chief Executive Officer Dave Burwick. “Since early January, Truly has grown its velocity and its market share sequentially while other national, regional and local hard seltzer brands have entered the category.”

    The company will “continue to invest heavily in the Truly brand and work to improve our position in the hard seltzer category as competition continues to increase,” Burwick said. Sales of Twisted Tea, a hard ice tea drink, are also growing.

    The company’s full-year gross margin target is between 46% and 48% and full-year non-GAAP earnings per diluted share is estimated at between $11.70 and $12.70.  

     

     

     

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    English English Japanese Japanese