Boston Beer Depletions, Shipments, Revenue All Fell

Boston Beer Co. reports depletion decreased 4% and shipments fell 8.9%. Net revenue of $443.9 million was down 4.4% from a year earlier, Net profit turned from a $24.56 million lost in 2024 to a $145.26 million loss.

“We were encouraged by early signs of improvement in the total beer category in the first quarter,” said Chairman, Founder and CEO Jim Koch. “While our depletions improved and it remains early in the year, our portfolio has not yet fully matched the improvement in category trends. The operating environment is dynamic, and we are executing with focus against our summer plans, including meaningful advertising support. Our strong balance sheet and highly cash generative business position us to invest in our brands and return cash to shareholders, with the previously announced potential legal payment well within our capacity.”