Boston Beer Reports Second Quarter Volume, Revenue and Earnings

BOSTON, Jul 29, 2003 - The Boston Beer Company, Inc. today announced second quarter 2003 volume, revenue and earnings compared to the second quarter 2002. For the 13 week period ended June 28, 2003, The Boston Beer Company recorded net sales of $56.3 million, a 4.3% decline from the second quarter in 2002. Net revenue per barrel increased by 2.3% during the quarter due to normal price increases and product mix changes. As reflected on the following chart, reported sales