Boston beer reports third quarter 2022 financial results

Boston , oct. 20, 2022 /prnewswire/ -- the boston beer company, inc. (nyse: sam), today reported financial results for the third quarter 2022 (13 weeks) and year to date 2022 (39 weeks) ended september 24, 2022. third quarter 2022 summary: depletions decreased 6% and shipments increased 1.4% compared to the third quarter of 2021 net revenue of $596.5 million increased 6.2% compared to net revenue realized in the third quarter of 2021 gross margin of 43.2% net income of $27.3 million, which includes a non-cash impairment charge of $27.1 million and the related tax benefit gaap diluted earnings per share of $2.21, including a non-cash impairment charge of $1.61 per share "i continue to be optimistic about the long-term growth outlook for boston beer's diversified beverage portfolio," said chairman and founder jim koch.
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