Corby Spirit and Wine Ltd (OTCPK:CBYDF)

Q1 2025 Corby Spirit and Wine Ltd Earnings Call Transcript

Nov 14, 2024 / 02:00 PM GMT

Release Date Price: $8.79

Transcript

Key Points

Positve

Corby Spirit and Wine Ltd (CBYDF) reported a strong Q1 performance with an 11% increase in revenue, driven by the acquisition of a new RTD business.
The company achieved a 3% organic revenue growth, showcasing resilience despite market volatility.
Corby outperformed the overall spirits market, with its portfolio growing by 0.7%, demonstrating effective strategic focus and execution.
The acquisition of ABG and new brands has significantly contributed to Corby's growth, particularly in the fast-growing RTD category.
Corby generated strong cash flow, maintaining a healthy net debt position with a ratio of 1.8 times, ensuring financial stability.

Negative

The LCBO labor strike negatively impacted the beverage alcohol industry, affecting Corby's Q1 performance.
International case goods revenue declined by 16%, due to lapping pipeline fills to new markets last year.
Increased interest charges related to the loan for acquiring ABG affected net earnings per share growth.
The flagship brand, J.P. Wiser's, experienced a 12% decrease in shipments and a 7% decrease in revenue due to the LCBO strike and increased promotional spending.
Some agency brands no longer represented by Corby led to a partial offset in commission growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CSWa.TO - Corby Spirit and Wine Ltd
Q1 2025 Corby Spirit and Wine Ltd Earnings Call
Nov 14, 2024 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
We have maintained this momentum and started this fiscal year with a solid performance. One will of course give you more detail in our results soon. But I can start by highlighting our Q1 result. We show a double G equal goal of plus 11% and our acquisition of the new RT D business. But our organic revenue also saw residents increase of plus 3% supported by solid execution and the diversity of our portfolio of brand.

And this is despite of course a volatile context where the LCBO label strike severely impacted the entire beverage alcohol industry. I will come back to it.

It is clear that equative acquisition of ABG and the new brand, we have people in achieving our ambition to be a key player in Canada in

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.