Corby Spirit and Wine Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 07, 2024 at 01:11 pm EST
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Corby Spirit and Wine Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was CAD 56.03 million compared to CAD 45.43 million a year ago. Net income was CAD 7.31 million compared to CAD 8.56 million a year ago. Basic earnings per share from continuing operations was CAD 0.26 compared to CAD 0.3 a year ago. Diluted earnings per share from continuing operations was CAD 0.26 compared to CAD 0.3 a year ago.
For the six months, sales was CAD 114.67 million compared to CAD 86.5 million a year ago. Net income was CAD 14.83 million compared to CAD 16.41 million a year ago. Basic earnings per share from continuing operations was CAD 0.52 compared to CAD 0.58 a year ago. Diluted earnings per share from continuing operations was CAD 0.52 compared to CAD 0.58 a year ago.
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.
