News

CANADA: Corby Distilleries rises in Q1

Most popular

What's coming up in dark spirits in 2020?

What's coming up in soft drinks in 2020?

What will shape consumer trends in 2020?

Will 2020 see Campari Group back on the M&A hunt?

just-drinks speaks to DISCUS CEO Chris Swonger

MORE

Corby Distilleries has reported a 6% rise in net earnings in its first quarter, thanks to a double-digit revenue rise.

Net profit rose to US$9.8m for the three months ended 30 September, Canada-based Corby said yesterday (12 November).

The group, which owns the licence to Pernod Ricard brands in Canada, attributed to the increase to a 10% rise in net revenue, to $46.1m.

"Despite challenging economic times, last year's momentum continued into the first quarter and double digit revenue growth has enabled us to keep investing in our brands," said Con Constandis, Corby's president and CEO.

Key brands, such as Wiser's Canadian whiskies, Polar Ice vodka and Lamb's rum all performed well during the quarter, said Constandis. He added that Corby was excited about the addition of Absolut vodka to its portfolio in Canada, following Pernod's purchase of Absolut owner Vin & Sprit earlier this year.

The first quarter revenue rise follows a slight decline in the fourth quarter of last year, which the firm blamed on the late arrival of summer. Conversely, this may have boosted sales in the first quarter of 2008/09.


Related Content

How did Coca-Cola HBC perform in Q1 2019? - results data

How did Coca-Cola HBC perform in Q1 2019? - results data...

Pernod Ricard deal rescues Corby Spirit & Wine's FY - results

Pernod Ricard deal rescues Corby Spirit & Wine's FY - results...

How did Cuervo perform in Q1 2019? - results data

How did Cuervo perform in Q1 2019? - results data...

How did Carlsberg perform in Q1 2019? - results data

How did Carlsberg perform in Q1 2019? - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?