Corby Spirit and Wine Ltd CRBBF

Primary Symbol: T.CSW.A Alternate Symbol(s): CBYDF | T.CSW.B

Consumer Defensive Beverages - Wineries & Distilleries

Corby Spirit and Wine Limited is a Canadian company, which is a manufacturer, marketer, and distributor of spirits, wines and ready-to-drink beverages. The Company operates through two segments: Case Goods and Commissions. The Case Goods segment includes the production and distribution of its owned beverage alcohol brands. The Commissions segment includes non-owned beverage alcohol brands in Canada. Its portfolio of owned brands includes J.P. Wiser's, Lot 40, and Pike Creek Canadian whiskies, Lamb's rum, Polar Ice vodka and McGuinness liqueurs, as well as the Ungava gin, Cabot Trail maple-based liqueurs and Chic Choc spiced rum, and Foreign Affair wines. It represents international brands, such as ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlua liqueur, Mumm champagne, and Jacob's Creek, Wyndham Estate, Stoneleigh, Campo Viejo, Kenwood wines, and Nude.

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Corby Spirit and Wine Ltd > Distributor sell out

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Post by CaptainBigDaddyon Jan 12, 2021 11:35am

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Post# 32276050

Distributor sell out

Autofocus --

If you look at the last quarterly report from Corby - extremely high and unforeseen earnings -
and buried in the report international sales (i.,e. sales to the US) were up 23% in volume and 23 percent in earnings.

Statement there: "healthy distributor sell out of JP Wisers in the US Markets resulted in 1st quarter shipment volume growth of 23% and shipment value growth of 23% comparied to same period last year..."

What is a distributor sell out? It means that the market was undersupplied with product. The shelves were stripped. All gone.

What is the solultion then? Make more of the stuff and maybe raise the price until the market comes in balance.

Again -- who can do this best? Who can sell best internationally? And what busienss is Pernod in? Hello?