Majestic hails ‘largest ever’ trading day over Christmas

Retailer Majestic Wine reported its biggest trading day in the company’s 40-year history on 23 December 2019, as spirits helped boost sales over the Christmas period. During Majestic Wine’s third quarter, which ran from 1 October to 30 December 2019, sales were up 4.3% compared to the same period the previous year. During December, rum sales rose 24% compared to 2018, while brandy sales were up 33%. Majestic Wine returned to private ownership in December…

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Brown-Forman delivers mid-single-digit growth in H1

Jack Daniel’s owner Brown-Forman has reported a net sales increase of 5% to US$1.8 billion in the first six months of its 2020 fiscal year, boosted by Tequila and premium Bourbons. In the company’s six month period ending 31 October, operating income increased 1% in the quarter to US$600 million. Brown-Forman also reported its net sales for the second quarter, which were up 9% to US$989m. Operating income for the period increased 6% to US$352m.…

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Marie Brizard registers 1.5% net sales drop

French drinks group Marie Brizard Wine & Spirits has reported a 1.5% organic net sales drop in the first nine months of 2019 and has gained approval to sell its Polish distribution arm, Sobieski Trade. The firm’s third quarter saw sales fall 0.6% to €98.9m (US$109.2m). In the first nine months of this year, net sales for the Western Europe, Middle East and Africa (WEMEA) region fell 7.3% to €80.1m (US$88.4m). The sales reflect MBWS’s…

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MGP Ingredients sees sales slip during Q3

Third-party spirits producer MGP Ingredients has reported a decline in sales during its 2019 third quarter compared to the previous year. Consolidated sales fell by 4.6% to US$90.7 million during the three months to 30 September 2019, due to a drop in the Distillery Products segment, which was partially offset by sales growth in the Ingredient Solutions segment. Consolidated gross profit for the group declined by 4.1% to US$18.8m, while consolidated operating income decreased by…

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Campari confirms strong year-to-date sales

Italian drinks firm Campari Group has reported “positive momentum” in the first nine months of 2019, driven by apéritif brand Aperol and its brown spirits portfolio. The drinks group’s reported sales grew 8.6% to €1.3 billion (US$1.44bn) after the exchange rate and perimeter effects. Gross profit increased by 10.5% to €808.6 million (US$896m). Campari said it had witnessed a “strong” third quarter boosted by its “high-margin apéritifs business despite a tough comparable base and adverse…

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