Tag Archives: beer

NEW YORK, NY / ACCESSWIRE / October 13, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against The Boston Beer Company, Inc. (“Boston Beer” or the “Company”) (NYSE:SAM). On September 8, 2021, after the market closed, Boston Beer announced that it was withdrawing its 2021 financial guidance issued on July 22, 2021 as a result of a decrease in demand for its hard seltzer… Source link

A day after Boston Beer shares were drilled again amid a second straight earnings warning at the hands of a slowdown in the hard seltzer market, most analysts are staying cautious on the stock at least until 2022.  “Even if the news is an immediate negative, we think management is attempting to be more transparent about what it is seeing after getting significant pushback from investors last quarter. Ultimately, it should help the stock to stabilize and find its bottom, but we don’t expect… Source link

Step aside hard seltzer — Boston Beer Company (SAM) is partnering with Pepsi to add another drink to its portfolio, a spiked version of Mountain Dew. On Tuesday, the company announced its partnership with PepsiCo (PEP) to deliver HARD MTN DEW, with 5 percent alcohol. The boozy beverage will come in three flavors: original, black cherry and watermelon, and is expected to hit shelves in early 2022.  “The worlds of beer, spirits, wine, and even non-alc beverages are all starting to converge… Source link

Bottom line: The hard seltzer boom is over. Shares of Boston Beer crashed 20% in pre-market trading on Friday as the maker of Truly hard seltzer and Sam Adams badly whiffed on its earnings expectations and slashed full-year guidance. The culprit: Execs overestimated the potential of the hard seltzer market, which continues to slow amid rising competition and people returning to bars coming out of the COVID-19 pandemic as Yahoo Finance has reported.  “We overestimated the growth of the hard… Source link

New York Islanders fans certainly have a weird way of showing their appreciation for their team. (Bruce Bennett/Getty Images) Anthony Beauvillier was the overtime hero for the New York Islanders on Wednesday night and the Nassau Coliseum faithful made sure to show their appreciation.  Beauvillier buried the winner 1:08 into the extra frame, forcing the semifinal against the defending champion Tampa Bay Lightning to a decisive Game 7 with a 3-2 victory.  For their efforts, Beauvillier and the… Source link

WASHINGTON — With just over a month left for the White House to reach its goal of having 70 percent of Americans either fully or partially vaccinated by the July 4 holiday, President Biden announced new measures to galvanize the nationwide inoculation effort. June will be a “national month of action,” the president said, with some pharmacies remaining open all night on Fridays to administer shots and childcare centers waiving fees for parents going for their vaccinations. “America is… Source link

The opening round of the NBA playoffs has been overshadowed by repeated incidents of fan abuse toward players. The documented incidents so far had involved home fans hurling objects, spit or epithets at visiting players and their families. That is until Immanuel Quickley revealed he was the object of bad behavior at Madison Square Garden. The New York Knicks rookie told reporters on Monday that a fan threw a beer in his and teammate Nerlens Noel‘s direction during last Wednesday’s Game 2 win… Source link

A Detroit-area brewery canceled production of a new beer on Monday, one day after it was announced following the threat of legal action from Hall of Famer Barry Sanders. The Eastern Market Brewing Co. announced the “Same Old Lager” on Sunday, a Detroit Lions-themed beverage it made that featured Sanders on the can in an 8-bit version. His name nor the Lions’ name is on the can, but it’s clearly the legendary running back. Sanders tweeted out a picture of the can Monday, and said he has… Source link