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Strong Bourbon sales and market share gains have led Beam Inc to reaffirm its profits guidance for 2012.

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The Maker's Mark and Jim Beam Bourbon distiller said today (7 March) that it continues to expect diluted earning per share to rise by high single-digit percentage points in 2012, before one-off items. Its announcement follows a third-quarter results statement from Beam's rival, Brown-Forman, that has disappointed the market.

Speaking ahead of his address to the Merrill Lynch Consumer & Retail Conference today, Beam's CEO, Matt Shattock, said: "We’re pleased that the marketplace momentum we discussed a month ago is continuing, driven partly by sustained share gains for our industry-leading Bourbon portfolio and strong initial reception for our latest innovations."

Last month, Beam posted a healthy set of figures for 2011.


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