The Boston Beer Firm, Inc. (SAM) twenty third annual dbAccess World Shopper Convention June 4, 2026 4:00 AM EDT
Firm Contributors
Diego Reynoso – CFO & Treasurer
Convention Name Contributors
Christopher Barnes – Deutsche Financial institution AG, Analysis Division
Presentation
Christopher Barnes
Deutsche Financial institution AG, Analysis Division
All proper. Good morning, and welcome again, all people. For this subsequent session, it is my pleasure to welcome for the primary time The Boston Beer Firm to the Paris stage. And becoming a member of us is Chief Monetary Officer, Diego Reynoso. Diego, it is very good to have you ever right here.
Diego Reynoso
CFO & Treasurer
Thanks. It has been a pleasure.
Query-and-Reply Session
Christopher Barnes
Deutsche Financial institution AG, Analysis Division
All proper. We’ll use the length of the session for Q&A. So let’s dive proper in. So I imply, possibly Diego, let’s degree set on simply the broader beverage alcohol class. I imply you have talked about seeing some modest enhancements relative to 2025, however stepping again, the demand atmosphere clearly stays a bit challenged on account of a bunch of various elements and macro drags. So simply how are you serious about the underlying well being of the class from right here over the stability of the 12 months?
Diego Reynoso
CFO & Treasurer
I feel it has been a troublesome type of 18 months. I feel for those who look again to the start of final 12 months, we had been all very hopeful. And I feel fairly a couple of issues which have affected the patron. I feel the most important one is simply the demand for the money that client has. And that is a little bit bit — the gasoline costs are very excessive proper now. Shoppers are nonetheless holding in there, however they’re beginning to make choices of you exit. So for instance, within the class, we have seen much more pre-kind of gaming, which what we name within the U.S., which is you go drink first at
