Corby Spirit and Wine Ltd (OTCPK:CBYDF)

Q3 2026 Corby Spirit and Wine Ltd Earnings Call Transcript

May 15, 2026 / 01:00 PM GMT

Release Date Price: $11.18

Transcript

Key Points

Positve

Corby Spirit and Wine Ltd (CBYDF) reported a 15% increase in fiscal year-to-date revenue, with organic growth at 16%.
The company achieved record high fiscal year-to-date revenue as of March, driven by strong performance in the RTD (Ready-to-Drink) segment.
Corby outpaced the spirits market in value for the 14th consecutive quarter, demonstrating strong market share gains.
The company maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.4 times.
A quarterly dividend of $0.24 per share was declared, reflecting confidence in the company's outlook and commitment to shareholder returns.

Negative

The Canadian spirits market declined by 4.2%, which could pose challenges for future growth.
There was a decline in commission income, which impacted overall earnings.
Export revenue decreased by 20% in Q3 due to unfavorable shipment phasing and lapping pipeline fill in the U.S.
Cash from operating activities showed a net use of $17.6 million during Q3, higher than the previous year, due to increased working capital needs.
Q4 is anticipated to be significantly softer due to normalized LCBO ordering patterns and a persistent decline in the spirits market.

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

CSWa.TO - Corby Spirit and Wine Ltd
Q3 2026 Corby Spirit and Wine Ltd Earnings Call
May 15, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome to Carby Spirit and Wine's Fiscal Year 2026 Third Quarter Financial Resorts Conference Call for the period ended March 31st, 2026. Joining me on the call this morning are Florence Cresaro, President and Chief Executive Officer, and Juan Alonso, Vice President and Chief Financial Officer. Hopefully, you have read the opportunity to review the press release, which was issued yesterday. Before we begin, I would like to inform listeners that in. The information provided in today's call may contain forward-looking statements, which can be subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Risks and uncertainties about the company's business are more

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