Boston Beer Q3 revenue falls 3.2% to $520.1 million; raises low end of 2026 EPS guidance
Boston Beer reported third-quarter 2026 net revenue of $520.1 million, down 3.2%, and GAAP diluted EPS of $4.21, compared with $4.25 a year earlier. It raised the low end of its full-year 2026 non-GAAP EPS guidance to $9.00 to $10.50, while now expecting depletions to fall by mid-single digits, a weaker volume outlook than before. Year-to-date results include a $194.5 million supplier dispute litigation expense, which the company says it intends to contest on appeal.
Key points
- Q3 net revenue $520.1 million, down 3.2%; depletions down 5% and shipments down 4.9%
- Q3 GAAP diluted EPS $4.21 vs. $4.25 a year earlier; non-GAAP EPS $4.37, excluding $0.16 per share of litigation expense
- Full-year 2026 non-GAAP EPS guidance $9.00 to $10.50, up from $8.50 to $10.50; depletions now expected down mid-single digits
- Year-to-date GAAP diluted loss of $4.87 per share; cash of $308.1 million and no debt as of September 26, 2026
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.