05:54 PM EDT, 10/23/2025 (MT Newswires) -- Boston Beer ( SAM ) reported Q3 earnings late Thursday of $4.25 per diluted share, up from $2.86 a year earlier.

Four analysts polled by FactSet expected $3.41.

Net revenue in the 13 weeks ended Sept. 27 fell to $571.5 million from $642.1 million a year earlier.

Analysts surveyed by FactSet expected $542.1 million.

The company raised 2025 EPS guidance, excluding tariffs, to $7.80 to $9.80 from $6.72 to $9.54.

Analysts expect $9.12, if comparable.

Boston Beer ( SAM ) shares were up 0.7% in after-hours trading.