The company behind Sam Adams beer reported fourth-quarter results that fell short of analyst estimates on both the top and bottom lines. It also announced that CEO and President Dave Burwick is retiring, effective April 1. Yahoo Finance's Julie Hyman and Josh Lipton break down the results.
Did Sam Adams Brewer turn in another underwhelming quarter?
Learn More The Sam Adams brewer turned in another underwhelming quarter. Shares of Boston Beer ( SAM -18.09%) were sliding Wednesday after the maker of Sam Adams beer, Truly hard seltzer, and other alcoholic beverages posted disappointing fourth-quarter results, continuing a recent pattern.
What happened to Sam Adams?
The maker of Sam Adams and other brands also announced that CEO and President Dave Berwick will be retiring in April. That's a big change to the shares are down by 17% here. The company has been sort of struggling for a little bit here.
