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Covid-19: Boston Beer, Makers Of Sam Adams, Dogfish Head, Lost $14 Million To Pandemic

Boston Beer, the makers of Sam Adams, said COVID-19 has cost the company $14 million in lost revenue and surprise pandemic related expenses.

During the height of the pandemic on the East Coast, Boston Beer lost millions. In the most recent earnings report, owners said they are seeing a rebound.

During the height of the pandemic on the East Coast, Boston Beer lost millions. In the most recent earnings report, owners said they are seeing a rebound.

Photo Credit: Wikimedia Commons: Kafziel

In its earnings report Thursday, July 23, owners outlined where the money went:

  • $5.8 million in keg return revenue;
  • $8.3 million in COVID-19 related direct costs;
  • $5.6 million materials cost
  • $2.7 million operating expenses.

Owners said that despite pandemic-related losses, Boston Beer is on track to have a good rest of 2020. 

Outside of the virus’s most impactful months, many comparisons, the beer brewery is surpassing sales compared to the same time periods last year.

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