Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
While transition disruptions have been more significant than expected, Hard Mtn Dew sales did increase in the third quarter of 2024, the analyst adds.Boston Beer Company, Inc. (NYSE:SAM) reported third-quarter results, with net revenue increasing 0.6% to $605.5 million and a gross margin of 46.3%, rising 60 basis points year over year.
波斯頓啤酒公司（NYSE：SAM）報告了第三季度業績，淨營業收入增長0.6％，達到60550萬美元，毛利率爲46.3％，同比增長60個點子。
Piper Sandler analyst Michael S. Lavery increased the price forecast to $330 from $325, with an Overweight rating.
派傑投資分析師Michael S. Lavery將價格預測從325美元上調至330美元，並給予超配評級。
The analyst sees potential growth from the national rollout of Hard Mtn Dew within its own distribution network, primarily in 2025.
該分析師認爲，特斯拉硬山露從2025年開始在特斯拉自己的分銷網絡中全面推出，有潛在增長機會。
While transition disruptions have been more significant than expected, Hard Mtn Dew sales did increase in the third quarter of 2024, the analyst adds.
儘管過渡中斷比預期更爲重要，但分析師補充說，在2024年第三季度，特斯拉硬山露的銷售確實有增長。
Per Lavery, the company is well-positioned to maintain shelf space during the Spring 2025 resets, contrasting with a 4% decline in 2024.
根據Lavery的說法，該公司已準備好在2025年春季重新調整期間保持貨架空間，與2024年4％的下降形成鮮明對比。
This improvement has been aided by replacing some declining or rationalized Truly SKUs with new offerings, including Truly Unruly and Twisted Tea Extreme, both with an 8% ABV compared to the 5% ABV of the original line.
這一改善得益於用新產品取代一些正在下降或被調整的真正SKU，包括具有8％ABV的Truly Unruly和Twisted Tea Extreme，而原始系列的ABV爲5％。
The analyst adds that new products, particularly those with higher alcohol by volume (ABV), are performing well.
分析師補充說，特別是那些酒精度較高（ABV）的新產品表現良好。
Consumer interest has been shown in its limited distribution area, with estimates suggesting potential sales of $150 million to $300 million by 2025, although the analyst's current projection is just under $100 million.
消費者對其有限的分銷區域表現出興趣，預計到2025年銷售額有望達到15000萬至30000萬美元，儘管分析師目前的預測略低於10000萬美元。
Lavery raised the 2024 EPS estimates from $8.50 to $9.40 and the FY25 EPS estimates from $11.75 to $12.
Lavery將2024年每股收益預測從8.50美元上調至9.40美元，FY25每股收益預測從11.75美元上調至12美元。
Also Read: BKV's Integrated Operations Offer Value, Analyst Highlights Unique 'Closed-Loop' System And Growth Prospects
也可閱讀：BKV的綜合運營提供價值，分析師強調獨特的「閉環」系統和增長前景
RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating, with a price forecast of $318.
RBC資本市場分析師Nik Modi重申了板塊表現評級，價格預測爲318美元。
According to Modi, the firm is effectively "controlling the controllables," which is supporting margin expansion even though volumes are down year-over-year.
根據Modi的說法，公司有效地「控制可控因素」，這支持了毛利率的擴張，儘管成交量與去年同期相比有所下降。
As 2025 approaches, the analyst acknowledges ongoing challenges with volume growth but anticipates modest gains primarily from Twisted Tea. While Sun Cruiser is seen as promising, Truly is still viewed as a work in progress.
隨着2025年的臨近，分析師承認成交量增長仍面臨持續挑戰，但預計主要來自Twisted Tea的適度增長。雖然Sun Cruiser被視爲有前景，但Truly仍被視爲仍在努力中。
The analyst raised the FY25 adjusted EPS estimate from $11.00 to $11.21.
該分析師將FY25調整後的每股收益預測從11.00美元提高至11.21美元。
Price Action: SAM shares are trading higher by 0.25% to $302.62 at last check Friday.
股價表現：SAm股票在上週五最後一次交易時上漲了0.25%，至302.62美元。
Photo via Shutterstock
圖片來自shutterstock。
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