Boston Beer Co's YTD profits surge on strong Q3
- YTD net profits up 37% to US$71.7m
- Net sales up 28% to $733.5m
- Operating profits up 37% to $114.5m
- YTD volumes up 26%
- Q3 net profits up 48% to $37.9m
- Net sales up 25% to $288.8m
- Operating profits up 44% to $60.6m
- Q3 volumes up 23%
Boston Beer released its results yesterday
Boston Beer Co has posted a strong jump in YTD sales and profits after third-quarter performance benefited from new product launches.
Net profits climbed by 37% to US$71.7m in the 39 weeks to September 27, the brewer said yesterday. Net sales were up 28% to $733.5m in the same period, while operating profits rose by 37% to $114.5m.
Q3 results were boosted from growth in depletions mainly from Boston's Samuel Adams, Twisted Tea, and Angry Orchard.
Martin Roper, the firm's CEO & president, said the surge was down to new products launched in H1 and is unlikely to carry through to the fourth quarter. “We do not expect that the depletions growth rates we have experienced so far this year will be maintained for the remainder of the year, as we face tougher comparables,” he said.
To read the company's full results, click here.
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