Canada · Delayed Price · Currency is CAD Corby Spirit and Wine Earnings Call Transcripts
Fiscal Year 2027
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Q1 organic revenue grew 1% and adjusted EPS rose 18%, led by RTDs, margin gains and cost discipline despite a weak spirits market. The outlook remains cautious, with management expecting margin strength to persist but earnings growth to moderate.
Fiscal Year 2026
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Fiscal 2026 saw record revenue and double-digit growth, driven by RTDs and spirits market share gains. The company improved margins, increased dividends, and completed strategic portfolio moves, while preparing for market uncertainty in FY 2027.
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Record revenue and earnings growth driven by RTD and spirits market share gains, with disciplined cost management and strong cash flow supporting increased dividends. Q4 expected to be softer due to LCBO order phasing, but high-single digit revenue growth is forecast for FY 2026.
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Record H1 revenue and strong growth in RTD drove outperformance, with RTD now one-third of revenue and nearly three-quarters of net sales growth. Robust cash flow, increased dividends, and a strong balance sheet support continued investment and market share gains.
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Record Q1 revenue and net earnings were driven by strong RTD and spirits performance, with continued market share gains and a 5% dividend increase. The company improved its balance sheet, divested non-core assets, and expects Q2 to be softer due to order normalization.
Fiscal Year 2025
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Reported 7% revenue and 15% earnings growth for FY 2025, driven by RTD expansion and strategic acquisitions. Strong cash flow and dividend increases reflect financial discipline, while market share gains were supported by portfolio diversification and effective execution.
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Revenue grew 7% year-to-date, driven by RTD and new brand acquisitions, with market share gains despite a challenging spirits market. Q3 was softer due to tough comparisons, but strong cash flow and increased dividends highlight financial resilience.
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Delivered strong H1 FY25 results with 11% revenue growth and 9% higher adjusted EBITDA, driven by RTD expansion, acquisitions, and channel modernization. Increased dividend by 5% amid a challenging spirits market, maintaining a solid balance sheet.
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Q1 FY25 saw 11% revenue growth, driven by RTD acquisitions and resilient organic gains, despite industry headwinds from the LCBO strike. Strong cash flow, healthy leverage, and a 6.7% dividend yield position the company for continued market share gains and innovation-led growth.
Fiscal Year 2024
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Strong revenue and earnings growth were driven by acquisitions and robust portfolio performance, with market share gains in all categories and a 41% increase in full-year revenue. The company maintained a healthy balance sheet, increased dividends, and plans to further scale RTD brands and leverage digital tools.