Fourth-quarter profits came in lower than expected for Boston Beer (NYSE:SAM), and the company lowered guidance as well, but the market didn't react nearly as badly as it could have. In this video from Wednesday's Investor Beat, host Chris Hill and Motley Fool analyst Bill Barker look at the real story behind the earnings miss with Boston Beer. Bill points to one of the best problems a company can have -- more demand than it was able to easily meet. He discusses the company's strategy, whereby, instead of just leaving demand unmet, it spent a bit extra to meet demand, even if there were some inefficiencies along the way.

Bill Barker and Chris Hill have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Boston Beer. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.