Boston beer reports first quarter financial results

First quarter (13-week) 2022 financial results boston, april 21, 2022 /prnewswire/ -- the boston beer company, inc. (nyse: sam), today reported financial results for the first quarter ended march 26, 2022. key results were: first quarter depletions decreased 7% and first quarter shipments decreased 25.1% compared to the quarter ended march 27, 2021 first quarter net revenue of $430.1 million decreased 21.1% compared to the net revenue realized in the first quarter of 2021 first quarter gross margin of 40.2% was 5.6 percentage points below the 2021 first quarter margin of 45.8% first quarter operating expenses of $175.1 million increased 1.2% compared to the first quarter of 2021 first quarter net loss of $2.0 million or $0.16 per diluted share, decreased from net income of $65.6 million or $5.26 per diluted share in the first quarter of 2021.
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