04:56 PM EST, 12/20/2024 (MT Newswires) -- Boston Beer ( SAM ) cut 2024 GAAP EPS guidance after planning to pay $26 million to amend a production agreement with supplier Rauch North America.

The company expects 2024 GAAP EPS of $3.80 to $5.80, down from $5.50 to $7.50.

Analysts polled by FactSet expect $9.73.

The amended accord, resulting in a Q4 expense of $1.70 a share, will spur increased production flexibility and more favorable termination rights, Boston Beer ( SAM ) said Friday in a statement.

Boston Beer ( SAM ) still expects 2024 non-GAAP EPS of $8 to $10.

Analysts surveyed by FactSet expect $8.97.