SAM•Boston Beer’s third-quarter net income fell 6% to $43.17 million, while diluted earnings were $4.21 per share and net revenue declined to $520.1 million. The company projected a full-year 2026 diluted loss of $5.76 to $4.26 per share.
Boston Beer’s third-quarter diluted earnings fell to $4.21 per share, and net revenue declined to $520.1 million. Gross margin rose to 51.7%, benefiting from favorable product mix, price increases, procurement savings and improved brewery efficiencies. Year-to-date diluted results swung to a loss of $4.87 per share, including non-recurring litigation expenses of $14.51 per share. Full-year 2026 guidance projects a diluted loss of $5.76 to $4.26 per share, with depletions and shipments declining mid-single digits.
