Analysis: The Boston Tea Party Video
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Analysis: The Boston Tea Party
SAM is scheduled to report first-quarter results on Apr The company is expected to register top and bottom-line growth in the to-be-reported quarter. However, the consensus mark has moved down 1.
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In the last reported quarter, the company delivered a negative earnings surprise of However, its bottom line beat the Zacks Consensus Estimate by The Boston Beer Company, Inc. Quote Key Factors to Note Boston Beer has been gaining from continued momentum in shipment volumes and depletions. Also, a strong portfolio of globally recognized brands and an enhanced network of wholesale distributors have been aiding depletions.
The Twisted Tea brand has been benefiting from higher at-home consumption despite increasing competition from new players. Apart from these, the company remains focused on its cost-saving initiatives and efficiency projects, which are likely to get reflected in the first-quarter results.
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However, it has been witnessing sluggish brewery productivity stemming from the pandemic, which has been leading to the shifting of more volumes to third-party breweries and higher production costs. These costs are expected to have negatively impacted the gross margin in the first quarter.
Also, a significant reduction in keg demand from the Analysis: The Boston Tea Party channel, and higher labor and safety-related costs at its breweries remain concerns. Story continues Zacks Model Our proven model predicts Bosyon earnings beat for Boston Beer this time around. Other Stocks Poised to Beat Earnings Estimates Here are some other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season: Sanderson Farms, Inc. Medifast, Inc. It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by That works out http://pinsoftek.com/wp-content/custom/human-swimming/amperometric-titration-essays.php new devices per second.
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