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Boston Beer Company crashes 26% as executives blame fizzling hard seltzer demand for steep earnings miss

3 monthes ago   |   By Business Insider

Bethany Biron/Business Insider
Beer tumbled more than 25% on Friday after revealing a bruising earnings miss on Thursday.
On an earnings call, the Sam Adams maker reported earnings per share were $4.75 versus an anticipated $6.69.
Boston Beer's off-target expectations were a function of slowing growth in a maturing market, new competition, and pandemic restrictions, executives said.
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Boston Beer Company tumbled 26% on Friday after revealing a bruising earnings miss the day prior. On an earnings call Thursday, the Sam...
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Boston Beer stock tumbles 21% after weak Truly hard seltzer sales weigh on earnings

3 monthes ago   |   By CNBC

Shares of Boston Beer tumbled 21% in premarket trading after disappointing demand for hard seltzer dragged down the company's quarterly earnings and revenue.
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