Boston Beer stock dips after warning of lower profitability

Boston Beer stock dips after warning of lower profitability

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Boston Beer’s stock was down more than 7% Thursday morning, after the craft brewing giant reported it would have lower profitability as it scales up production to meet market demand.  The company released the information as part of its fourth quarter earnings. In the fourth quarter, the company reported $13.8 million in net income, down 29% from the same quarter last year.  Part of the reason for lower margins were investments the company made in its supply chain to amp up its seltzer brewing…

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