Boston Beer Co owns the Samuel Adams lager brand

Boston Beer Co owns the Samuel Adams lager brand

Boston Beer Co has raised the value of its stock repurchase programme by a further US$50m.

The company, which owns the Samuel Adams brand, confirmed yesterday that it has increased its repurchase limit from $475m to $525m. Of the $525m, Boston Beer said it has only has $122.4m left to complete the programme.

In August, the firm reported a near-30% jump in half-year net profits, with sales in the six months to the end of June rising by almost 9%.