Boston Turning to Twisted

Dear Client: Boston Beer reported Q4 and full year results yesterday. Though Boston chief Dave Burwick promised earnings call listeners they would prioritize Truly this year, he came outta the gate with lots of news on Twisted Tea. That’s telling.  Indeed, CFO Frank Smalla later shared that Twisted and Truly will make or break where they fall on their 2023 guidance.  Speaking of said guidance: They’re projecting something that they haven’t projected in a while: a down year in depletions