Cowen Calls for Boston Beer Guidance to Come Down

Dear Client:   The five months of scan data posted by Boston Beer thus far in 2022 has left Cowen’s Vivien Azer “increasingly skeptical” that the company will be able to deliver its full year guidance of volume growth between +4% – +10%. Indeed, Vivien and co. penned a note this morning writing quite frankly that Boston Beer has been "off to a shaky start" and its YTD trends in Nielsen scan data “have not been good” with sales in