Q2 2023 resultsSteady as she goes. Wisers whisky, Polar Ice voda, Mixable Liqeurs, Ungava Spirits all slowly growing. Lamb's rum is a real dud though. Maybe it's time to give up on that one and roll the cash back into the other brands.
>>>Regarding our international markets’ performance, shipment volumes declined 12% while shipment value declined 11% on a quarter over quarter comparable basis while fiscal year to date international shipments declined 10% in volume and declined 11% in value compared to the same period last year. Performance was negatively impacted by supply chain constraints on wet goods used in the production of Lamb’s rum in the UK market, as well as overall logistics disruptions. The Company has taken numerous actions to mitigate these risks, and continues to actively seek out options on mitigating the impact of these disruptions.
>>>Lamb’s rum, a top-selling rum family in Canada, continued to be impacted by changing consumer trends for standard rum, particularly in regional strongholds. Retail volume for the overall rum category declined 2% for the six-months ended December 31, 2022, while retail value increased 1%. Retail value growth is attributed to increases in the spiced rum segment. The economy rum category, however, saw retail volumes decline 3% while retail value remained flat compared to the same period last year. Lamb’s rum declined 4% in retail volume and value for the six months ended December 31, 2022 compared to the same period in the prior year.
https://corby.ca/wp-content/uploads/Q2-2023-Financial-Statements.pdf