Can Boston Beer Lead the Industry Again in 2021?
Boston Beer (NYSE: SAM) ended 2020 on a high note. Last week, the craft beer specialist announced industry-leading sales through December thanks to the Truly hard seltzer and Twisted Tea product lines.
Shares fell immediately following the report after having soared in the past year. But, in a conference call with Wall Street analysts, CEO David Burwick and his team issued uniformly positive projections around market share and profitability in 2021 despite growing competition.
Let's look at some highlights from that call.