Boston Beer Co., Inc. (SAM) said Tuesday that it now expects full year 2009 earnings to be in the range of $2.05 to $2.35 per share, compared to its prior guidance of $1.75 to $2.05 per share.
Analysts polled by Thomson Reuters currently expect the company to earn $2.06 per share for the full year 2009.
"We have raised our earnings projection for the full year 2009 based on achieving improved levels of brewery operating performance earlier than anticipated, together with continuing favorable energy and commodity costs and our expectations that these factors will continue for the remainder of the year," said Martin Roper, CEO of Boston Beer.
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