just The Preview - Beam Inc's Q4 & FY
Beam will release its FY results today
Beam Inc will release its fourth-quarter and year-to-date results later today (5 February). Here, just-drinks takes a look at the company's highs and lows in the three months to the end of December.
- At the beginning of October, Beam announced the launch of a hand-selected batch of its Booker's Bourbon. It also launched a Triple Wood expression of its Laphroaig Scotch whisky brand.
- In the same month, Beam said it had invested GBP3m (US$4.9m) to open three new warehouses in which to age its whiskies in Scotland. The warehouses, near Glasgow, will help Beam up its holding capacity in Scotland by almost 20%.
- The company offloaded its Lewiston, Maine bottling plant to spirits maker Sazerac in October. The site was previously owned by White Rock, which ceased trading after selling Pinnacle Vodka and Calico Jack to Beam for US$605m in 2012.
- In November, Beam's travel retail distributor, Maxxium, opened a replica Jim Beam still house in Frankfurt airport ahead of the Christmas season.
- In December, Beam launched Jim Beam's first single-barrel Bourbon.
In the first three months of 2013:
- Profits jumped by 22.6% to US$103.5m
- Net sales rose by 8.2% to $577.7m
- Operating profits were up 36.5% to $179m
- Net profits up 5% to $187.4m
- Sales increase 7.6% to $1.21bn
- Operating profits jump 32.4% to $337.3m
- Net profits down 1% to $272.2m
- Net sales up 3% to $1.81bn
- Operating profits down 16% to $482.2m
To read a preview of Beam's YTD results, click click here.
This latest global category insights report from just-drinks/IWSR suggests that: "Liqueurs brand owners need to shout about the crucial role their products play in classic and modern cocktail recipes ...
- Ten questions for Diageo - Analysis
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Moet Hennessy unaffected by LVMH Dior buy
- Distell acquires majority stake in Cruz Vodka
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Craft Beer: Coming of Age or Past Its Prime?
- Myanmar - ISA Country Report