Demand and volumemixed · 5 filings
“Freight to distributors increased by $11.1 million primarily due to higher rates partially offset by lower volumes.”10-Q · Jul 23, 2026 ↗
The Boston Beer Company, Inc.
SAM
Market read
The Boston Beer Company, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company+1.5% todayVolume comparison unavailable
Market group0 of 11 activeBranded Consumer Products · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- SAM's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if SAM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- SAM's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements97
Verified relationships3
Evidence supporting the case
- Operating margin changed +3.6 percentage points in the latest annual period.
- Net margin changed +2.6 percentage points in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -2.4% year over year.
- Demand and volume has repeated adverse evidence across 5 filings.
- Macroeconomic conditions has repeated adverse evidence across 3 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
172.576m-24.7%12m-21.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-25$2.1B+18.5%$1.17+1.2%
2022-12-31$2.1B+1.6%$5.44-0.7%
2023-12-30$2.0B-3.9%$6.21-0.7%
2024-12-28$2.0B+0.2%$5.06-4.0%
2025-12-27$2.0B-2.4%$9.89-7.0%
What management says matters
Persistent and emerging business drivers
Input and raw-material costsmixed · 5 filings
“This increase per barrel is primarily due to increased spend in local marketing and freight rates.”10-Q · Jul 23, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“Impairment of brewery assets of $0.2 million decreased by $4.7 million from 2025, due to decreased write-offs of equipment at third party and Company-owned breweries.”10-Q · Jul 23, 2026 ↗
Macroeconomic conditionsnegative · 3 filings
“The 2026 increase in cost of goods sold of $0.41, or 0.3% per barrel was primarily due to inflationary impacts of $31.7 million, or $8.79 per barrel, partially offset by brewery efficiencies of $11.1 million, or $3.08 per barrel, contract renegotiations and r…”10-Q · Jul 23, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
172.57+1.5% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SAM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SAM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SAM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
MNSTMonster Beverage CorporationcompetitorFeb 27, 2026 ▾
“Competition includes microbreweries, regional brewers, national craft brewers, and large international and domestic producers of beers, FMBs, and hard seltzers such as Molson Coors, Constellation Brands, AB InBev, The Boston Beer Company and The Mark Anthony…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SAM is currently a Early Follower in the organic co-movement group Branded Consumer Products. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.