Beam Suntory H1 sales hit by Covid-19 crisis

Maker’s Mark owner Beam Suntory saw its net sales decline 3% in the first six months of 2020 due to the coronavirus pandemic. From January to June 2020, Beam Suntory’s net sales in the US fell 3% as a result of “significantly lower” revenue due to the closure of the on-trade, which was offset by a boost in the off-trade. “While our sales were substantially below our expectations at the start of the year, the…

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Campari sales drop 11.3% in H1

Aperol owner Campari Group saw organic sales fall by 11.3% in the first half of 2020 due to on-trade restrictions in markets across the world as a result of the pandemic. Total group sales reached €767.2 million (US$900m) during the first six months of 2020, down from €848.2m (US$995m) year-on-year, as a result of the impact of the Covid-19 crisis on the Italian firm. In May, the group reported a 5.3% fall in sales in…

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Pernod Ricard predicts 2% dip in FY sales after coronavirus

French firm Pernod Ricard has reported an organic sales growth of 2.7% in the first half of its fiscal year, and expects a 2% sales decline for FY2020 after the coronavirus outbreak. In the six months to 31 December 2019, Absolut vodka owner Pernod Ricard saw reported sales grow by 5.6% to €5.47 billion (US$5.95bn). Organic profit grew 4.3% to €1.78bn (US$1.93bn), while free cash flow sits at €570 million (US$620.4m). “H1 FY20 demonstrated solid…

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Rémy Cointreau H1 ‘slightly below expectations’

French drinks group Rémy Cointreau saw its sales dip 0.6% to €523.9 million (US$585m) for the first half of its fiscal year due to the termination of distribution deals for a number of partner brands. In the six-month period between April and September 2019, the House of Rémy Martin was up 5.6% to €379.6m (US$423.9m). The group said its Cognac was affected by a drop in tourism in Hong Kong and “slower than anticipated stock…

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United Spirits profit soars in first half of 2018

Diageo-controlled Indian drinks group United Spirits saw its 2018 first half net sales grow by 14%, while profit after tax increased by more than 50%. In the six months to 30 September 2018, net sales hit Rs. 4,240 crores, while profit after tax grew by 57% to Rs. 340 crores. The net sales growth was attributed mostly to the ‘prestige and above’ segment, as well as the “improved performance” of the ‘popular’ segment and the…

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