Boston Beer (SAM) Stock

SAM is well-positioned for long-term growth driven by strong price realization, cost savings and innovation despite challenges in the hard seltzer market.

SAM makes amendments to its existing production agreement with Rauch. It updates guidance for 2024.

BOSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing initiatives to optimize its supply chain, The Boston Beer Company, Inc. (NYSE: SAM), today announced an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc (‘Rauch'). This amendment adjusts the existing production agreement to better match the Company's future capacity requirements and results in increased production flexibility and more favorable termination rights to the company in exchange for a $26 million cash payment to Rauch on or before December 23, 2024.

SAM benefits from strong price realization, innovation and procurement savings.

Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") reports the results for the second quarter ended October 31, 2024 for the Company and its mining operations in Queretaro, Mexico.

Guests can get a first taste as Busch Gardens Tampa Bay Teams Up with Innovative Latinx Culinary Brand TOMA by Sofia and Manolo Vergara TOMA is the first of C3 ' s culinary brands to launch as part of the new relationship with United Parks & Resorts MIAMI , Dec. 10, 2024 /PRNewswire/ -- Sam Nazarian 's C3, a CPG and culinary brands company connecting new audiences through food brands in exclusive arrangements, is excited to announce that it's teaming up with United Parks & Resorts, a global theme park and entertainment company that owns or licenses a diverse portfolio of award-winning park brands and experiences. Guests got a first taste at Busch Gardens Tampa Bay during Howl-O-Scream with the launch of TOMA, the innovative culinary brand by Sofia Vergara and her son, Manolo Gonzalez Vergara , that offers modern takes on classic Latin American cuisine.

Boston Beer is poised for growth, driven by brand revival initiatives, cost-saving efforts and innovation, but Truly Seltzer's challenges remain a concern.

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Needham initiated coverage of Boston Beer with a Hold rating and no price target. For the shares to work, the company is going to have to demonstrate the ability to grow volumes and expand margins, the analyst tells investors in a research note. The firm says that while Twisted Tea continues to gain market share and Truly has become a much less meaningful part of the portfolio, Boston Beer's sales growth algorithm is "simply too concentrated around one brand who plays in a category that will continue to see increased competition."