just On Call - Flavoured whiskey to be "larger than Scotch" - Brown-Forman CEO
Brown-Forman released its FY results today
The US flavoured whiskey category is on course to be “larger than Scotch”, Brown-Forman's CEO has claimed, after its full-year results showed continued growth for Jack Daniel's variant, Tennessee Honey.
In a call with analysts today (4 June), Paul Varga said that latest numbers show the flavoured category is already “significantly larger” than Irish whiskey and Cognac. He said on current trends flavoured whiskey will be bigger than Scotch whisky “pretty soon”.
Varga was speaking after Brown-Forman released its full-year results, with the Jack Daniel's portfolio boosting sales by 8%. Global Tennessee Honey sales increased by 32% over the 12 months, despite “a very challenging comparison” against fiscal 2013 when Tennessee Honey’s net sales doubled, Brown-Forman said. In the US, its sales were up by 17%.
According to a Brown-Forman spokesperson, Tennessee Honey is the first flavoured whiskey to sell more than one million cases.
Varga also said the company is considering a wider rollout of its Tennessee Fire whiskey extension, which is being tested in Oregon, Pennsylvania and Tennessee.
Brown-Forman Corporation - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service...
Brown-Forman Corporation (BF.B) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compile...
Through much of the review period, Brown-Forman has struggled for growth. However, in 2012 its rate of growth picked up as the early results of its 10-year plan, announced in 2010, started to show as ...
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