Why Boston Beer Jumped 15% Today

Howard Smith, The Motley Fool
·2-min read
Why Boston Beer Jumped 15% Today
Why Boston Beer Jumped 15% Today

Shares of Sam Adams brewer Boston Beer (NYSE: SAM) are up 15% as of 10:30 a.m. EDT today, after the company reported strong third-quarter results late yesterday. Dave Burwick, the company's president and chief executive officer, said in a statement that the strong quarter was mainly "the result of increases in our Truly Hard Seltzer and Twisted Tea brands."