Boston Beer Sees Favorable Trends in a Mixed Quarter
Boston Beer (NYSE: SAM) announced mixed third-quarter 2017 results on Thursday after the market closed, showcasing modest earnings growth and improved depletions trends despite continued headwinds in the craft beer space.
But shipment volume remained light. With shares up nearly 30% over the past three months after last quarter's post-earnings pop, and with investors' thirst for a more pronounced turnaround largely unquenched, Boston Beer stock declined nearly 5% on the day.
Let's take a deeper look at how Boston Beer kicked off the second half of the year, as well as what investors should expect going forward.
Source: Fool.com
Boston Beer Company Inc. Aktie
268,20 €
-2,96 %
