UK: Young & Co Q1 looking good
Young & Co's Brewery PLC said yesterday that trading across the business in the first quarter has been encouraging, with beer volumes, sales and profits showing growth compared to the same period last year.
At the company's annual meeting, chairman John Young said better economic conditions and the positive benefits of operational changes implemented in previous years have been the key drivers of this growth and these have more than offset the additional legislative and regulatory costs placed on the business.
The chairman said: "We have seen only a very limited benefit to trade arising from the European Championships, and this occurred only on those days when England were actually playing."
"Looking ahead, we now move into a period where last year's trading was benefiting from the excellent summer weather. Nevertheless, we are confident that we are on track to deliver continued progress," Young concluded.
- Will Tequila Learn from Scotch Whisky's Mistakes?
- Comment - Beer - Does 'Craft' Work?
- Solving the diet drinks dilemma in the US
- SABMiller, Meantime Brewing say goodbye to 'craft'
- Comment - How to Target Cognac's Mok Generation?
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo opens Johnnie Walker House in Singapore
- Emperador overhauls Whyte & Mackay labels
- SPI Group US, Canada sales chief departs
- Soaring Prosecco sales good for Champagne
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Beam Suntory Inc. - Strategy and SWOT Report