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Boston Beer Continues to Underperform: Time to Dump it?

“Boston Beer reported a dismal third-quarter 2016 as both the top and the bottom line lagged estimates and fell year over year. While bottom-line results were affected by lower revenues and soft gross margin, the top line was impacted by lower shipments, a fall in depletions and decline in revenue per barrel due to product mix. Depletions were hurt by new beer launches amid sluggish growth in the craft brewing industry. Depletions volume came in below expectations due to persistent declines in the Samuel Adams, Angry Orchard, Coney Island and Traveler brands, partly mitigated by growth at the Twisted Tea and Truly Spiked & Sparkling brands. Additionally, cider categories continued to disappoint. “

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Boston Beer Continues to Underperform: Time to Dump it?