0905 ET - Boston Beer is now warning that President Trump's tariff war will drive up costs on aluminum and dent earnings by $1.25 to $1.90 a share, marking a shift from its 4Q earnings call in February, when co-founder and chairman Jim Koch said the beer brewer wasn't expecting tariffs to have a significant impact on the business. He noted at that time that Boston Beer didn't hedge and would absorb the pass-through of higher aluminum costs, which CFO Diego Reynoso reaffirmed on Thursday's 1Q call. While the cost increase from tariffs is more significant than previously alluded to, a 2.5% price increase would hold the company's margins steady, Roth analysts Bill Kirk and Nick Anderson say in a research note. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 09:05 ET (13:05 GMT)
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