2nd quarter earnings
Earnings for the 2nd quarter 2020 (ending December 31, 2020) were .28 cents a share --
the same as 2nd quarter 2019. The Press Release says earnings were flat quarter to quarter -
but of course the earnings were still great. The 2nd quarter earnings only "moderated" from the previous quarter because the earnings then (.38 share) were extraordinary.
Total earnings so far this year are .66 share compared to .50 share same period or last year.
Net earnings last year (2019) were .94 cents. So far net earnings this year are .66 cents.
If Corby just earns the same amount this year in the next 2 quarters (.18 3rd quarter and .25 4th quarter) - the earnings for fiscal year 2021 will come in at $1.12 compared to .94 -- or about 18% higher year to year than before.
Also - The Corby brands seem to be doing better than the Pernod brands - in terms of sales. And the Pernod brands command a much higher P/E multiple. Pernod also borrows long term money at 2% annual interest - basically free money.
This company is hitting on all cylinders. The recent Press Release was written to downplay - not highlight - this fact.