Jefferies on Boston Beer: Tea Growth Helping Offset Truly Declines, But Boston Needs to Find Next Innovation Star

Veteran CPG analyst Kaumil Gajrawala has recently joined Jefferies and this week initiated coverage on Beverages, HPC and Healthy Living stocks. What CBD most cares about? His take on Boston Beer.  Kaumil finds that while “peaks and valleys have defined Boston Beer’s story,” at present, it’s “difficult to pinpoint where the business is in its cycle and when another growth driver will emerge.”  He notes, as CBD readers likely know, that Twisted Tea, which has helped to offset declines from