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Corby Spirit and Wine Ltd T.CSW.A

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

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.


TSX:CSW.A - Post by User

Post by autofocus111on May 13, 2021 12:22pm
348 Views
Post# 33192169

Earnings are out

Earnings are outSteady as she goes. 0.21 dividend approved.

>>>This quarter delivered value growth with revenue increasing 2% compared to the three month period ended March 31, 2020 , leading to solid year to date growth of 4%. Strong domestic performance, led by commission income in particular (+7% year to date) and the acceleration of our international market performance (+13% year to date) contributed to this positive result. Corby has continued to manage its expenditures and brand investments in a purposeful and cautious way, given government emergency measures and constraints in program execution. As a result, total marketing, sales and administration expenses decreased by 9% in the quarter and by 11% year to date. Net earnings were $6.2 million for the third quarter, up 20% compared to last year, and up 28% to $24.9 million on a year to date basis.

https://stockhouse.com/news/press-releases/2021/05/13/corby-reports-third-quarter-results-with-year-to-date-revenue-of-4-and-net
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