The Boston Beer Company Inc. SAMwitnessed significant momentum since reporting solid first-quarter 2017 earnings on Apr 25, 2018. The company’s upside story relates to continued progress on its strategic initiatives. We remain encouraged by Boston Beer’s three-point growth plan, focused on cost-saving initiatives, long-term innovation, and the revival of Samuel Adams and Angry Orchard brands.
Stock Surges
Shares of Boston Beer have increased 6.8% in the past month against the industry’s decline of 6.3%. However, the stock has witnessed growth of 9.4% after reporting solid results on Apr 25 while the industry declined 4%.