Boston Beer Pours Another Impressive Quarter
Boston Beer (NYSE: SAM) released third-quarter 2019 results on Tuesday after the markets closed. Investors don't seem particularly impressed, with shares of the craft brewer falling as much as 2% early Wednesday before recovering to close down around half a percent.
But make no mistake -- even bolstered by the company's recent $300 million merger with Dogfish Head Craft Brewery -- and without the benefit of growth from its flagship Samuel Adams and Angry Orchard varieties -- this was as strong a performance from Boston Beer as any investor could have hoped for in light of today's increasingly crowded beer aisles.
Let's dig deeper, then, for a better idea of what Boston Beer accomplished in Q3 relative to the same year-ago period, as well as what investors should be watching in the coming quarters.
Source Fool.com
