Boston Beer down after decline in quarterly revenue, hurt by tariff impact

Shares of Sam Adams-owner Boston Beer SAM.N down 1.6% at $223.80 after the bell

Co reports decline in quarterly sales from last year hurt by increased inflationary, tariff costs and shortfall fees

Reports Q4 net revenue of $385.7 million, a 4.1% decline YoY

Quarterly gross margin of 43.5% includes $13.9 million in shortfall fees and $1.3 million in non-cash third-party production pre-payment expenses, which together reduced margins by 394 basis points

Co expects $20 million to $30 million tariff costs in FY2026

SAM down ~35% in 2025