Business
Corby Spirit and Wine Limited reports its fiscal 2024 first quarter results for the period ended September 30, 2023 and announces dividend of $0.21 per share
Corby Spirit and Wine Limited reports its fiscal 2024 first quarter results for the period ended ...
About this update from Corby Spirit And Wine Limited Class A
[{"type":"text","content":"\n \n \n \n Corby Spirit and Wine Limited reports its fiscal 2024 first quarter results for the period ended September 30, 2023 and announces dividend of $0.21 per share\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 8, 2023\n \n \n /CNW/ - Corby Spirit and Wine Limited (\"Corby\" or the \"Company\") (TSX: CSW.A) (TSX: CSW.B) today announced financial results for its fiscal 2024 first quarter for the period ended\n \n September 30, 2023\n \n .\n \n \n \n Q1 Revenue +43% with the addition of Ace Beverage Group (\"ABG\") brands into our portfolio\n \n \n \n Adjusted Earnings from Operations up +36% (+9% Reported)\n \n \n \n Quarterly Dividend declared of\n \n $0.21\n \n per share\n \n \n \n \n \n QUARTERLY DIVIDEND\n \n \n \n \n The Corby Board of Directors is pleased to declare a\n \n dividend of\n \n $0.21\n \n \n per Voting Class A Common Share and Non-Voting Class B Common Share of the Company, consistent with the amount of last dividends payment. This dividend is\n \n payable\n \n on\n \n \n December 8, 2023\n \n \n to shareholders of record as at the close of business on\n \n November 24, 2023\n \n .\n \n \n \n \n MARKET\n \n \n \n \n TRENDS\n \n \n \n \n The Spirits and RTDs market remains in low single digit value growth driven by:\n \n \n \n Flat Retail channel\n \n \n On-Premise channel now normalizing following impacts of the COVID-19 pandemic\n \n \n Value growth continuing to outpace volume across all categories\n \n \n Ready to Drink (\"RTD\") segment showing good growth.\n \n \n \n \n \n FINANCIAL RESULTS\n \n \n \n \n \n The first quarter\n \n of the fiscal year ended with\n \n Revenue\n \n growing\n \n +43%\n \n compared to the same period last year, driven by:\n \n \n \n The\n \n contribution\n \n of the\n \n ABG portfolio\n \n of brands, representing approximately\n \n 1/3\n \n rd\n \n \n of\n \n Q1 Revenue\n \n ;\n \n \n \n International markets sales +38%\n \n driven by\n \n shipments\n \n thr...