![#](www.e-malt.com/images/left_top_corner16x200.gif) | E-Malt.com News article: USA: Boston Beer expects glass bottle recall costs to hurt 2008 profit![Brewery news](https://e-malt.com/Images/BeerBullet2.gif)
Boston Beer Co. Inc., which brews Sam Adams-brand beers, said costs and lost sales associated with a recall of glass bottles in April will lead to lower-than-expected profit in 2008, according to The Associated Press, May 6.
The company reiterated its previous earnings guidance, saying it still expects earnings between $1.70 and $2 per share, if the impact of a voluntary recall of some of its glass bottles is excluded.
But if the impact of the recall is included, the company estimates its will report earnings between $1.15 and $1.45 per share for the year.
Analysts polled by Thomson Financial expect earnings per share between $1.80 and $1.85 in 2008. Analyst estimates typically exclude one-time charges.
07 May, 2008
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