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Boston Beer Company reports a quarterly loss, missing analyst expectations, but ends 2024 with a strong cash position.
Boston Beer Company, known for Samuel Adams and other brands, reported a quarterly loss of $1.68 per share, missing analyst expectations.
The stock, currently trading at $234.08, has received mostly "hold" ratings from analysts with an average price target of $302.90.
Despite the quarterly miss, the company ended 2024 with a strong cash position of $212 million and has repurchased shares, signaling confidence in its future.
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Boston Beer Company reporta una pérdida trimestral, falta de expectativas de analista, pero termina 2024 con una fuerte posición de caja.