Boston Beer Earnings Double; Shares Soar

Boston Beer Earnings Double; Shares Soar

Boston Beer Company (NYSE: SAM), maker of Samuel Adams beer, Angry Orchard Hard Cider, and Truly Hard Seltzer, reported second-quarter results that had the share price up over 20% Friday morning. The company said its net income more than doubled versus the year-ago period, with revenue growth of 42%. Boston Beer brought Delaware-based Dogfish Head Brewery into its portfolio in July 2019.