Investing.com - Boston Beer reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Boston Beer announced earnings per share of $3.82 on revenue of $596.50. Analysts polled by Investing.com anticipated EPS of $3.28 on revenue of $569.18M.
Boston Beer shares are down 33.45% from the beginning of the year and are trading at $345.00 , down-from-52-week-high.
Boston Beer shares gained 2.63% in after-hours trade the report.
Boston Beer follows other major Consumer Staples sector earnings this month
Boston Beer's report follows an earnings beat by Procter&Gamble on Wednesday, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
PepsiCo had beat expectations on Wednesday, October 12, 2022 with third quarter EPS of $1.97 on revenue of $21.97B, compared to forecast for EPS of $1.84 on revenue of $20.83B.
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