Boston Beer Toasts to a Solid Quarter of Improvement

Boston Beer (NYSE: SAM) announced better-than-expected second-quarter 2017 results on Thursday after the market closed, highlighting a strong improvement in depletions trends, and increasing its full-year earnings guidance in the process. Shares of the craft brewer skyrocketed as much as 22% in early trading, and settled up around 15% as of 3:30 p.m. EDT as investors drank up the news.

But with competition still bearing down, Boston Beer still has plenty of work to do to recapture sustained, profitable growth from its core brands. In the meantime, let's have a closer look at how Boston Beer ended the first half, as well as what investors can expect from the company in the coming quarters.

IMAGE SOURCE: BOSTON BEER

Source: Fool.com