Boston Beer 1Q Profit, Rev Rise as Co. Expects Tariffs to Hit FY Results

Boston Beer logged higher profit and revenue in the first quarter despite subdued category trends as the company expects tariffs to drag on earnings over the full year. The brewer, which owns the Samuel Adams and Truly brands, estimated tariffs pose an unfavorable cost impact of about $20 million to $30 million, or $1.25 to $1.90 for earnings per diluted share, over the full year. Exclusive of tariff impacts, the company maintained its previous outlook for the year. Chief Executive Michael Spillane said the company remains focused on executing its...