The Boston Beer Company, Inc. Reports Earnings Results for the First Quarter Ended March 26, 2022
April 21, 2022 at 04:15 pm EDT
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The Boston Beer Company, Inc. reported earnings results for the first quarter ended March 26, 2022. For the first quarter, the company reported sales was USD 457.29 million compared to USD 581.71 million a year ago. Revenue was USD 430.11 million compared to USD 545.08 million a year ago. Net loss was USD 1.96 million compared to net income of USD 65.57 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 5.34 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 5.26 a year ago.
The Boston Beer Company, Inc. is engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under various trademarks. The trademarks include The Boston Beer Company, Twisted Tea Brewing Company, Hard Seltzer Beverage Company, Angry Orchard Cider Company, Dogfish Head Craft Brewery, Dogfish Head Distilling Co., Angel City Brewing Company, Coney Island Brewing Company, Green Rebel Brewing Co., and Truly Distilling Co. The Company produces alcohol beverages, including hard seltzer, flavored malt beverages, and hard cider at Company-owned breweries and its cidery and under contract arrangements at other brewery locations. The four primary Company-owned breweries are focused on production and research and development. It also owns four smaller local breweries that are mainly focused on brewing and packaging beers for retail sales on site at tap rooms and gift shops, and other. The Company sells its beverages in various packages.
THE BOSTON BEER COMPANY, INC. 
