Corby Spirit and Wine Ltd (TSX:CSW.B)
C$ 13.57 (0%) Market Cap: 399.92 Mil Enterprise Value: 508.43 Mil PE Ratio: 15.15 PB Ratio: 2.16 GF Score: 83/100

Q2 2025 Corby Spirit and Wine Ltd Earnings Call Transcript

Feb 13, 2025 / 02:00 PM GMT
Release Date Price: C$13.15 (+4.37%)

Key Points

Positve
  • Corby Spirit and Wine Ltd (CBYDF) reported a strong double-digit revenue growth of 10% in Q2, with a 4% organic growth.
  • The company successfully capitalized on the modernization of the route to market in Ontario, expanding distribution to nearly 6,000 points.
  • Corby Spirit and Wine Ltd (CBYDF) increased its quarterly dividend by nearly 5%, reflecting confidence in its financial outlook.
  • The acquisition of ABG has been pivotal in achieving growth, particularly in the fast-growing ready-to-drink category.
  • The company demonstrated strong cash flow generation, maintaining a healthy net debt to adjusted EBITDA ratio of 1.3.
Negative
  • The spirits category has experienced a moderate decline over the last 12 months, posing a challenge for market growth.
  • The company faced supply chain disruptions due to the LCBO strike, impacting the beverage industry.
  • Increased interest charges related to the loan for acquiring ABG affected net earnings.
  • International case goods revenue declined by 2%, partly due to lapping the pipeline fill to new markets last year.
  • The ongoing situation with US tariff threats and potential regulatory changes presents uncertainty for future operations.


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

CSWa.TO - Corby Spirit and Wine Ltd
Q2 2025 Corby Spirit and Wine Ltd Earnings Call
Feb 13, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome to Corby Spirit and wins fiscal year 2025 2nd Financial results conference call for the period ended December 31, 2024. Joining me on call this morning are Nicholas Kranz, President and Chief Executive Officer, and Juan Alonso, Vice President and Chief Financial Officer. Hopefully you have had the opportunity to review the press release which was issued yesterday.

Before we begin, I would like to inform listeners that information provided on today's call may contain forward-looking statements which can be subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Risk and uncertainties about the company's business are more fully discussed in
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