Earnings Results: Has the hard seltzer boom gone flat? Boston Beer stock plunges as expected Truly sales don’t materialize

After hitting record stock prices on high hopes for alcoholic seltzer drinks, Boston Beer Inc. fell flat Thursday, and executives admitted they had “overestimated the growth of the hard seltzer category.”

After hitting record stock prices on high hopes for alcoholic seltzer drinks, Boston Beer Inc. fell flat Thursday, and executives admitted they had “overestimated the growth of the hard seltzer category.”