The Boston Beer Co. Inc., Boston, reported second quarter 2020 net revenue of $452.1 million, an increase of $133.7 million or 42 percent, from the same period last year.
Net income for the second quarter was $60.1 million, an increase of $32.3 million or 116 percent from the same period last year. Earnings per diluted share were $4.88, an increase of $2.52 per diluted share from the second quarter of 2019. This increase was primarily due to increased revenue driven by shipment growth of 39.8 percent, partially offset by lower gross margins and increases in operating expenses.