Beam released its Q3 & YTD results today

Beam released its Q3 & YTD results today

Today (31 October), Beam Inc released its Q3 & YTD results. Here's a closer look at the company's performance in the nine months to the end of September by region and brand.

Regions

North America

The company posted a 1% drop in Q3 comparable net sales in the region, but a 4% increase in YTD. Third-quarter sales were down an estimated 5% because of the reduction of US distributor inventory levels, Beam said.

Europe, Middle East & Africa 

Net sales increased by 3% in Q3 and 4% YTD. The company said it continued to deliver above-market performance, led by Jim Beam’s strength in Germany and across Europe.

Asia-Pacific & South America

There was a 20% drop in Q3 for comparable net sales in the region and a 10% drop in YTD. Beam said results were down an estimated 16% in Q3 and 10% YTD because of the timing of sales in Australia and in emerging markets, together with a challenging comparison in India. Courvoisier and Teacher’s brands were “particularly impacted”, Beam said.

Key Brand Performance

Comparable net sales growth, year-to-date 2013 (January – September):


  Comparable Net Sales Growth    
Power Brands 2%
    Jim Beam 3%
    Maker’s Mark 17%
    Sauza 3%
    Pinnacle 2%
    Courvoisier -7%
    Canadian Club 10%
    Teacher’s -22%
   
Rising Stars -4%
    Laphroaig 15%
    Knob Creek 15%
    Basil Hayden’s 34%
    Kilbeggan -24%
    Cruzan 1%
    Hornitos 8%
    Skinnygirl -29%
    Sourz -8%
   
Local Jewels -6%
   
Value Creators -4%
   
Total  1%

Expert analysis

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