News

CANADA: Leading Brands posts loss

Most popular

The opportunity for no-alcohol in the on-premise

Pernod is back in Kentucky, but why did it leave?

The just-drinks Analyst returns

How should adult soft drinks be sold to consumers?

Anheuser-Busch InBev Performance Trends 2014-2018

MORE

Integrated beverage company Leading Brands blamed large increases in discounts, rebates and slotting fees for its 2005 fiscal year loss of US$1.3m.

The Vancouver-based company posted the loss after turning a profit of US$626,000 the year before. Gross revenues were up 14% in 2005 to US$39.3m.

The company also reversed a declining revenue trend halfway through the year, with fourth-quarter gross revenues up 34% on last year.

Leading Brands said "substantial" increases in slotting fees and promotions supporting brands such as TrueBlue had led to a near-200% increase in discounts, rebates and slotting fees to US$2.5m.

Chairman and CEO Ralph McRae said: "Sales growth in the first quarter of 2006 continued at a robust pace. With our margin-enhancement initiatives completed during the last quarter, we are once again pushing full steam ahead on expanding distribution of our brands."


Sectors: Soft drinks, Water

Related Content

In the Spotlight – Constellation Brands

In the Spotlight – Constellation Brands...

just On Call - Constellation Brands to maintain inner focus

just On Call - Constellation Brands to maintain inner focus...

US: Leading Brands Q2 moves back into black

US: Leading Brands Q2 moves back into black...

US: Hansen loss blamed for dip in Leading Brands Q1

US: Hansen loss blamed for dip in Leading Brands Q1...

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?