Boston Beer posts Q4 $2.12 loss, beats $385.7M revenue forecast despite 4% sales dip
Boston Beer reported Q4 adjusted loss of $2.12 per share versus the $2.33 consensus forecast, surprising by 8.8%, while revenue declined 4.1% year-over-year to $385.7 million, topping estimates by 0.3%. Shares have gained 14.9% YTD after four straight EPS beats, though industry outlook sits in the bottom 38%.
1. Q4 Financial Results
Boston Beer delivered an adjusted loss of $2.12 per share for the quarter ended December 2025, compared with a consensus loss of $2.33, and reported revenue of $385.68 million, down from $402.3 million a year ago but 0.3% above analyst forecasts.
2. Earnings Surprises and Stock Performance
This marks the fourth consecutive quarter of EPS outperformance, with the latest surprise at +8.8%, contributing to a 14.9% share price gain year-to-date versus the S&P 500’s flat return.
3. Forward Expectations and Industry Outlook
Consensus for the coming quarter anticipates EPS of $2.26 on $445.55 million in revenue, while the beverages–alcohol sector ranks in the bottom 38% of industries, highlighting potential headwinds for demand.