Skip to content
Subscriber Only
Opinion
Tara Lachapelle

Sam Adams Octobermess

It's now an even cheaper target for acquirers looking to expand in craft brews.

You may need a beer for this one. 

Disappointing third-quarter results released Thursday evening confirmed that Boston Beer, the $2 billion owner of Sam Adams and Angry Orchard and one of the country's largest independent craft brewers, is falling flat. Revenue plunged by a record 13.5 percent as shipments declined, and the company had to lower its earnings guidance for the year to $6.30 to $6.70 a share, down from a previous estimate of $6.40 to $7. Its shares tumbled more than 6 percent when the market opened Friday morning.