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How did Castle Brands perform in the first quarter of fiscal-2019? - results

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  • Fiscal first-quarter sales rise by 10.8% to US$23.1m
  • Sales of Jefferson's Bourbon portfolio in three months to the end of June leap 48% to $7.8m

Castle Brands has posted a low double-digit sales increase in the first three months of its current fiscal year.

Castle Brands enjoyed a strong start to fiscal-2019

Castle Brands enjoyed a strong start to fiscal-2019

The New York-based spirits marketer and developer said late last week that its top-line rose by almost 11% in the three months to the end of June. While the Jefferson's Bourbon portfolio saw its sales soar in the quarter, Knappogue Castle Whiskey also enjoyed a "strong" showing as Castle "continues to apply the successful programmes that we use to market Jefferson's to our Irish whiskey portfolio".

CEO Richard Lampen

"Continued strong growth of our more profitable brands, such as Jefferson's and our Irish whiskeys, resulted in solid growth in revenue. We expect that these growth trends and improving financial performance will continue."

The company also claimed that Jefferson's is "the only leading small batch brand to sell more than 50,000 cases annually at an average price greater than $50 per bottle".

As well as Jefferson's and Knappogue Castle, Castle Brands also handles the marketing for Goslings rum and The Arran Malt Scotch brands.

Late last year, Castle Brands increased its holding in Kentucky's Copperhead Distillery Co to 25%.

To read Castle Brands' official first-quarter results announcement, click here.


Sectors: Company results, Spirits

Companies: Castle Brands

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