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September 01, 2020 10:10am
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Boston Beer once again lowers expectations for sales of hard seltzer

The company said Wednesday evening that it’s withdrawing its full-year financial guidance for 2021 issued in July during its most recent quarterly earnings, and that it now “expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to third party brewers, and other costs that will be expensed during the remainder of fiscal 2021.”
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