Dear Client: BBD covered all the volatility drivers in Boston Beer's business (the stock is down about 12-ish% BTW), after last night's Q2 call: Basically, the innovations are "stickier" than normal (a year out, Truly and Angry innovations still look viable, says Jim Koch). And as for higher spending, well, the team explained that input costs were higher, due to scarcity of thin cans lately, and having to outsource production because of higher-than-expected volumes, higher freight -- "and the success
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