Boston Beer shares soar as much as 17% to a new all-time high after raised guidance
David Becker | Getty Images
Boston Beer shares soared as much as 17% to a new intraday all-time high Friday, one day after the maker of Samuel Adams and Truly hard seltzer reported third-quarter earnings and raised guidance.
The stock was up about 14% to about $1,044 apiece in afternoon trading, adding to its major run so far in 2020. Shares of Boston Beer are up almost 180% year to date.
The company on Thursday posted third-quarter earnings per share of $6.51, surpassing Wall Street forecasts of $4.63, according to FactSet. Revenues of $492.8 million represented a 30% increase from the same quarter last year but missed analysts’ expectations of $519.5 million.
Boston Beer projected its strong momentum will continue in the fourth quarter and into next year and hiked guidance accordingly. The company said it now expects shipments and depletions, which measures products sold from distributors to retailers, to be up between 37% and 42% in 2020. Previous forecasts anticipated an increase of between 27% and 35%.
The strength of its hard seltzer brand Truly so far this year was the primary reason for the raised outlook, Boston Beer President and CEO Dave Burwick said in a release.
The company also is forecasting shipments and depletions to grow between 35% and 45% in 2021. That came in above Wall Street’s projections of a roughly 30% increase, according to analysts at Jefferies.
The analysts, who have a $575 price target on the stock, said in a note they were keeping their underperform rating due to competitive risks in the red-hot hard seltzer category and their belief shares are “priced for perfection.”
Analysts at Deutsche Bank maintained their hold rating on Boston Beer’s stock but raised their price target to $996 from $835. In a note to clients, the analysts described the company’s quarter as “relatively mixed,” noting that revenue was lighter than expectations.
However, they said the bullish forecasts from management supported higher earnings in 2021. They also expect margins to improve as pressures from the coronavirus pandemic wane.
— CNBC’s Michael Bloom contributed to this report.
Sales & Marketing
Customizing Tagless T-Shirts: Tips and Tricks for Personalizing Your Apparel
Tagless t-shirts are a great option for those who prioritize comfort in their clothing. And with the added benefit of being customizable, you can easily add a personal touch to your wardrobe. In this article, we’ll be discussing the tips and tricks for customizing tagless t-shirts, so you can add your own unique touch to your apparel. Well, tagless t-shirts can be hard to come by in most in-person stores. However, you can find them online on Blankstyle.com and various other online retailers.
Choose Your Fabric and Color
Before you start customizing your tagless t-shirt, you need to choose the right fabric and color that best suit your needs. The type of fabric and color you choose will affect how well your customization adheres to the shirt. For example, polyester is known for its durability, so it’s great for designs that require a lot of wear and tear. However, if you’re looking for a more breathable and natural fabric, then cotton might be a better choice. In terms of color, make sure to choose a lighter color if you’re planning on using a darker ink, or a darker color if you’re using lighter ink.
Decide on Your Design
Once you’ve chosen your fabric and color, it’s time to decide on the design you want to add to your tagless t-shirt. The possibilities are endless, so you can really let your creativity run wild. You could add your favorite quote, a graphic or image, or even your own custom artwork. Just keep in mind that the design you choose should be something that you’ll want to wear for a while, as removing it will be difficult once it’s been added to the shirt.
Consider the Placement of the Design
When deciding on the placement of your design, it’s important to think about how it will look when you wear it. If you’re adding a design to the front of your shirt, make sure it’s centered and not too high or low. If you’re adding a design to the back of your shirt, make sure it’s not too low or too high, and centered between the shoulders. You could also consider adding a design to the sleeves or pocket, which can add a unique touch to your shirt.
Choose Your Customization Method
There are a few different methods you can use to customize your tagless t-shirts, and each one has its own pros and cons. The most common method is screen printing, which is great for large orders and simple designs. Another option is heat transfer, which is great for smaller orders and more intricate designs. Direct-to-garment printing is another option, which is great for high-quality prints and full-color designs. Choose the method that best suits your needs and budget.
Test Your Design
Before committing to your design, it’s important to test it out first. Print your design onto a test piece of fabric, or even onto paper, to get a better idea of how it will look on your t-shirt. This is especially important if you’re using a new customization method, or if you’re unsure about the color or placement of your design.
Incorporate Tagless Labeling
If you want to add an extra touch of personalization to your tagless t-shirt, consider incorporating tagless labeling. Instead of the traditional tag, you can add your own custom label to the shirt, which can include your logo, brand name, or care instructions. This can add an extra touch of professionalism to your custom shirts and make them feel even more personalized.
In conclusion, customizing tagless t-shirts is a great way to add your own unique touch to your wardrobe. Before starting, choose the right fabric and color, decide on your design, consider the placement, choose your customization method, test your design, and incorporate tagless labeling if desired. With these tips and tricks, you’ll be able to create custom tagless t-shirts that you’ll be proud to wear.
Technology & Inovation
“Reusable” Containers — A Term Sustainability Experts Love
Experts reveal adopting sustainable living could help the world cut greenhouse emissions by up to 70% by 2050. Reusable or returnable containers, such as supply chain totes and containers, are among the most sustainable packaging available today that can help you reduce your carbon footprint. Recent studies estimate that reusable containers like those Flexcon provides cut greenhouse gas emissions by up to 60% by eliminating the need to recycle or remanufacture single-use packaging.
What Is a Reusable Container?
Reusable or returnable packaging is a supply chain container used over many trips and has a prolonged lifespan. These containers are usually molded or fabricated corrugated plastics and are highly durable. They allow ease of use and cleaning while providing an option for repair. The containers are also collapsible or nestable to allow for inexpensive transit and storage when empty. Some of the common types of reusable Flexcon containers include:
- Handheld totes.
- Plastic bulk containers.
- Shipping racks.
How Reusable Containers Boost Sustainability Efforts
No doubt, reusable containers play an integral role in minimizing the environmental impact of supply chain operations. The following are some of the ways reusable containers can boost sustainable order fulfillment efforts:
- Reduced carbon emissions: A returnable supply chain container can drastically reduce your carbon footprint. When your business requires constant shipment of products between factory sites and final destinations, single-use corrugated packaging results in a massive accumulation of waste materials in landfills. On the other hand, returnable packaging reduces raw material consumption while minimizing carbon dioxide emissions by facilitating stacking and efficient space use during transportation. A recent study estimates recycling reusable containers for 30 years reduces emissions by 5.5-6.02 gigatons of carbon dioxide. This figure is equivalent to removing more than 1 billion cars off the streets for one year.
- Reduced solid waste: Reusable containers such as totes and RSC boxes eliminate thousands of single-use packaging items from getting into a landfill, reducing solid waste by up to 86%.
- Lower energy consumption: The energy used to manufacture reusable containers is lower than what’s necessary to manufacture single-use packaging items. This is because reusable containers last long, thereby cutting the manufacturing rate.
- Lower water consumption: Single-use packaging systems use four times more water compared to reusable packaging. The high usage is because of heavy water use during manufacture, recycling, and disposal.
- Recycling at the end of life: Reusable containers are circular, allowing for the full recovery of packaging materials at the end of their useful life. This ensures the materials are recycled and reused in producing new reusable packaging.
Benefits of Reusable Packaging Beyond Sustainability
Apart from the widely known environmental benefits, there are several business reasons why you should consider using returnable containers. These include:
- Faster return on investment: Despite their high upfront investment, reusable containers deliver a faster return on investment. The quicker ROI is due to a lower cost per trip than the single-use option. In a nutshell, the cost per trip is much lower than the cost of purchasing new expandable packaging each time. It is estimated that businesses that opt for reusable containers save between 40 to 70% on the overall costs.
- Enhances productivity: Reusable totes and containers offer vast productivity benefits. They improve ease of use while ensuring more accessibility of items to production line staff. The workers leverage dividers to allow for multiple parts to be handled in a single container.
- Reduces damage: Reusable containers are made from robust materials to protect products and parts throughout the supply chain, translating to lower costs related to written-off stock.
- Improves space efficiency: Collapsible and nestable containers can improve space efficiency in storage and transit. Nestable containers stack on their lids or over fold-out bail-arms, allowing them to nest on each other, saving up to 75% of space.
Types of Products Included in the Reusable Ecosystem.
Several types of reusable containers are for companies looking to increase efficiencies and contribute to a sustainable order fulfillment supply chain. Some common types of reusable products include:
- Nesting postal totes.
- Nesting tray tote.
- Straight wall tote.
- RSC box.
- Collapsible containers.
Applications of Reusable Containers in the Supply Chain
Reusable containers have their applications in both commercial and household spectrums. In the commercial area, the containers are widely used in transporting raw materials to processing units and transporting finished products to warehouses and consumers. Among the industries that typically make use of these containers are:
- Food and drink industry.
- Chemical industry.
- Electronics and computer manufacturers and assemblers.
- Textiles and clothing.
- Any industry needing bulk storage/transport.
Features of Reusable Containers From Flexcon
The following are some of the features of reusable containers from Flexcon.
Heavy-duty construction: Our containers can withstand constant rigors in various automated systems. Made from corrugated plastic, they withstand rust, corrosion, and water damage.
Adjustable dividers: Our containers are available with adjustable dividers to maximize versatility while optimizing picking, sorting, and packaging operations.
Versatile designs: They are compatible with most automated inserter/extractor and conveyor systems in ASRS.
Pitched drain holes: The containers have pitched drain holes for ease of cleaning. The holes also ensure water drains out to prevent the collapse of the automated storage and retrieval system when sprinklers are on.
Optional lids: Optional lids are available to secure and protect your products in transit.
Contact Flexcon Today for Reusable Containers
Reusable packaging systems play an integral role in minimizing the environmental impact of supply chains. These containers provide users with long, useful life in a truly circular model. Flexcon is a world-renowned manufacturer and supplier of reusable containers designed to meet the unique sustainable order fulfillment needs of every industry.
We aim to promote sustainability by enabling a circular economy for flexible packaging. All our products are polypropylene, which resists extreme temperatures and reduces carbon emissions. The containers are also recyclable at the end of their life and returned to productive use rather than entering the landfill.
We leverage cutting-edge technologies and techniques to design and deliver returnable containers that meet FDA standards and your specific needs. Custom designs, layouts, and sizes are available. Dealer inquiries are welcome. If you have further questions or want to order something that meets your sustainable fulfillment order needs, contact us today.
Business & Finance
Power BI Automation: Data Insight Update 2023
Goal setting in business is paramount. Leaders understand that pillar objectives help teams operate in unison to achieve those goals, striving for big-picture success. But setting goals won’t be effective if you don’t also have a robust strategy for collecting and analyzing the data. It’s the metrics that will ensure your teams continue to operate seamlessly, together, and toward those core objectives.
Power BI reporting allows companies like yours to collect and maintain the necessary data for ongoing improvement and efficiency. Businesses leveraging Power BI reporting have the capability to check metric statuses, track progress, insert feedback, and even share updates among the teams via user-friendly platforms. Measuring in real-time, with the help of Power BI reporting, can be game-changing for your business. Today, we’ll highlight all the advantages you can expect and how this solution will absolutely transform your business.
Fast Data Delivery Helps Processes Stay Relevant
The only thing worse than enforcing a company process that isn’t working is enforcing that process for a day longer than necessary. When you have Power BI reporting, you’re able to see real-time metrics about all your teams’ processes and operations. So, when something emerges as ineffective, you can spot it immediately and make changes. Don’t wait a month or even longer to recognize a breakdown in any of your processes. With Power BI reporting, you’ll have minute-by-minute analytics to make sure every step your teams take is in the right direction, both efficient and effective.
Connect all your existing services and apps, your custom data sources, and your teams with Power BI, where you can:
- Schedule and automate reporting
- Curate interactive reports in mere minutes
- See real-time updates in interactive dashboards
- Find all your company data in one convenient location
- Visualize and analyze any metrics you want
Data Compliance Is Easier When Updates Disseminate Automatically
Another challenge for many businesses involves compliance oversight. Depending on your niche industry or business segment, you could face steep fines or repercussions should any compliance initiatives be overlooked. You can prevent those instances and reduce risks associated with non-compliance when you harness the analytics of business intelligence and Power BI reporting. Data compliance efforts are simpler, especially when you receive automatic updates ongoing. Never miss a step in safeguarding any compliance or regulatory measures. Imagine the time and money saved with nearly effortless oversight because Power BI does all the heavy lifting for you.
Centralizing Communication Across On-Site and Remote Talent Simultaneously
Today’s businesses are tapping into the remote workforce in a big way. The widespread adoption of top-talent working from home has been revolutionary for companies. You likely have employees, contractors, and contributors who work remotely, as well. One of your challenges might be disseminating communications to everyone simultaneously and efficiently, especially when you have talent contributing from various time zones and geographic locations. Fortunately, the Power BI reporting solution helps here, too. The shared platform allows leaders to communicate with all of their team members in one convenient place. And it ensures everyone gets all your important memos simultaneously, wherever and whenever they work. With Power BI, you can actually send unlimited reports to an unlimited number of users with only one Power BI reporting license!
Workflows Circumvent Staffing Challenges
In addition to adopting more remote workers, many companies are finding growth opportunities in leaner operations. Trimming unnecessary steps and processes allows for more streamlined operations, both in efficiency and cost. Today’s leaders are tapping into automated workflows to help support these leaner workforce designs, too. Automated workflows, whereby software performs tasks once delegated to an employee, are helping to fill the gaps in these leaner employee rosters. Power BI offers a host of automations to help you bridge any gaps you might be facing within your organizational structure.
Cost-Saving and Time-Saving Efficiency
Forbes shared insights regarding the business intelligence trends in recent years. It began as what they called “Gen One BI,” where loads of heavy data and metrics-driven projects fell to IT teams and core end users to decipher. But now, we’re in the era of “data democratization.” This self-service model refers to entire teams, not just IT professionals, using business intelligence data to make informed decisions and improve business models. Data today can be more consumable, less complex to understand, and available to everyone who can use it to spot trends and improve results. Power BI is an intelligence solution that embodies the data democratization movement, putting key information in everyone’s hands efficiently.
Before adopting any new software solution, platform, or analytics tools, you’ll want to consider all the benefits through a lens of cost-efficiency, value, and time. With Power BI reporting software, for example, you can assign savings to the automations, the real-time data that allows you to make cost-saving decisions immediately, and the reduction in miscommunication with a centralized platform for sharing information. All of these benefits can provide savings in both time and your bottom line. Explore our ChristianSteven free trials to see just how efficient Power BI reporting can be for your company.
Access to Data Reports Is Simpler with PBRS
Here’s an alarming stat. The adoption of data and analytics continues to be difficult for companies because of the complex nature and sheer volumes of data alone. In fact, Business Wire shared that only 24% of businesses claim to have a “data-driven organization.” This means there is a significant competitive advantage for any business that can find a simpler way to be data-driven. In comes the PBRS solution.
PBRS provides simpler access to data reports than most other analytics programs. You don’t have to spend hours scrubbing data to assemble reports that show the core analytics you need. You won’t have to task employees to download, sort, and create shareable insights, either. Power BI reporting allows you to collect and review all your most important details quickly and without the added work or complex data sorting efforts.
If you’ve been looking for a more data-driven solution to facilitate company growth and scaling, Power BI reporting can be a tremendous resource capable of transforming your business. And to get started, let ChristianSteven be your guide! Our team can introduce you to the revolutionary benefits of Power BI reporting and help you start leveraging its advantages for your business. Start transforming your company’s operational success today!
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