Boston Beer Brews a Beat and Raise Following Its Dogfish Merger
In spite of continued challenges facing the craft beer market and the relative underperformance of its flagship Samuel Adams varieties, Boston Beer (NYSE: SAM) announced better-than-expected second-quarter 2019 results on Thursday after the markets closed. For that, the craft brewer once again credited the growing popularity of its Twisted Tea and Truly Hard Seltzer lines.
Of course, we can't forget that -- shortly after the quarter's end -- Boston Beer also closed on its $300 million merger with Dogfish Head Craft Brewery, diversifying its beer offerings and adding a lucrative source of incremental sales and profits in the process.
Let's settle in, then, for a more detailed taste of Boston Beer's performance to end the first half, as well as what investors should be watching in the coming quarters.
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