Boston Beer's Q4 2020 profits more than doubled

Discussion in 'Beer News & Releases' started by Todd, Feb 18, 2021.

  1. Todd

    Todd Founder (6,268) Aug 23, 1996 California
    Staff Moderator Fest Crew Society Trader

    https://www.marketwatch.com/story/boston-beers-q4-profits-more-than-double-2021-02-17

    And here's the Q4 2020 earnings call transcript for those who want to dig into the details: https://www.msn.com/en-us/money/com...-q4-2020-earnings-call-transcript/ar-BB1dMgrZ
     
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  2. jesskidden

    jesskidden Poo-Bah (2,143) Aug 10, 2005 New Jersey
    Society Trader

    BBC Press Release - Boston Beer Reports Fourth Quarter 2020 Results has the estimate barrelage (I always think in terms of volume not money :grin:).
    Of the thousands of US brewing companies, past and present, not many have ever reached the 7 million bbl mark - only AB, Schlitz, Miller, Pabst, Coors, Stroh and Heileman (I think, after a quick review). The last to come close was Olympia in 1977 with 6.8M bbl., after buying Lone Star and Theo. Hamm.

    Of course, the inevitable question - "Yeah but what about Beer vs. FMBs, Seltzer and Cider". Dave Burwick, the Company's President and CEO answers that one:
     
  3. jasonmason

    jasonmason Initiate (188) Oct 6, 2004 California
    Trader

    Yeah, talk about burying the (BA-relevant) lede.
     
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  4. rgordon

    rgordon Meyvn (1,091) Apr 26, 2012 North Carolina

    Great, even more soda pop ciders, seltzers and such. I can envision internecine squabbling between the newly married brands- between Milton and Boston- about shelf space allocation in upcoming store sets. This does not bode well for old-line breweries. Maybe there could be a Sierra Nevada Gold Rush Gala Cider.
     
    #4 rgordon, Feb 18, 2021
    Last edited: Feb 18, 2021
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  5. Todd

    Todd Founder (6,268) Aug 23, 1996 California
    Staff Moderator Fest Crew Society Trader

    Burwick covers this in the linked transcript:
     
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  6. nc41

    nc41 Poo-Bah (2,676) Sep 25, 2008 North Carolina
    Society Trader

    Wow, pretty impressive numbers, the seltzer business has been an enormous success, obviously. Honestly I don’t buy his beers but he’s been ahead of the curve and competition since SA debuted, his timing is impeccable.
     
  7. Todd

    Todd Founder (6,268) Aug 23, 1996 California
    Staff Moderator Fest Crew Society Trader

    In related news...

    Boston Beer earnings prompt multimillion-dollar executive bonuses
    https://www.bizjournals.com/boston/...r-earnings-prompt-multimillion-dollar-ex.html
     
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