Boston Beer (SAM) reported Q1 earnings late Thursday of $2.16 per diluted share, up from $1.04 a year earlier.

Five analysts polled by FactSet expected $0.48.

Net revenue in the 13 weeks ended March 29 rose to $453.9 million from $426.1 million a year earlier.

Analysts surveyed by FactSet expected $435.6 million.

The company reiterated 2025 EPS guidance of $8 to $10.50. Analysts expect $9.82.

Boston Beer shares rose 2.6% in after-hours trading.