The Boston Beer Company reported second quarter 2026 net revenue of $568.3 million, a 3.3% decrease year-over-year, with GAAP diluted EPS of $4.96. Year-to-date net revenue was $1.002 billion, down 3.8%, with a GAAP diluted loss per share of $8.99 driven by $192.6 million in non-recurring litigation expenses from a supplier dispute. The company repurchased $54.1 million in shares year-to-date and ended the quarter with $265.5 million in cash and no debt. Full-year 2026 GAAP EPS guidance was updated to a range of ($6.23) to ($4.23), while Non-GAAP EPS guidance remains $8.50 to $10.50. The company operates in the beverage industry, producing craft beer, hard cider, hard seltzer, and hard tea.