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 CEO on coronavirus: ‘We don’t know how this will pan out’

Alexandre Ricard, CEO of Pernod Ricard, said it is too early to tell how coronavirus would impact the group, but warned it would hit its “biggest heavyweight brands in China”. Speaking during a briefing last week for Pernod Ricard’s H1 results, Ricard said: “There’s no doubt that the Covid-19 situation will have a negative impact on Chivas. Chivas and Martell are our two biggest heavyweight brands in China and travel retail, specifically.” “I don’t think…

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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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United Spirits H1 hit by ‘consumption slowdown’

Diageo-controlled Indian drinks group United Spirits saw its 2019 first-half net sales grow by 7%, but was impacted by “broad-based consumption slowdown”. For the six months to 30 September 2019, United Spirits’ sales reached Rs. 4.2 million crores (US$59.8m). Sales were impacted by general elections in the first quarter and “consumption slowdown coupled with liquidity challenges in certain markets and temporary supply chain disruption” in the firm’s bottled-in-origin Scotch portfolio during the second quarter. United…

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