SAMThe Boston Beer Company, Inc.

$3B

Q1 2017 Earnings

Consumer Defensive Beverages - Alcoholic

Income Statement

Revenue

$162M-14.4% YoY

Gross Profit

$76M47.2% margin

Operating Income

$4M2.5% margin

Net Income

$6M3.5% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-26.3%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$587M

Total Liabilities

$152M

Stockholders' Equity

$435M

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$162M	$189M	-14.4%
Gross Profit	$76M	$92M	-16.6%
Operating Income	$4M	$11M	-64.2%
Net Income	$6M	$7M	-18.8%

SAM Q1 2017 Earnings — The Boston Beer Company, Inc. Revenue & Financial Results | Market Cap Arena