* Outstanding growth over the financial year: +8.7%*
* Premium spirits** (+14%*) and emerging markets*** (+22%*) are the main growth drivers
* Acquisition of Vin & Sprit
* Further upward revision of guidance for growth in profit for the year 2007/08
Continue reading ‘Pernod Ricard: 2007/08 full-year sales: € 6,589 million’
Archive for July, 2008
- Net sales $506.2 million, +3% vs. year ago
- Diluted EPS $.94, +8.0% vs. year ago
- Adjusted diluted EPS $.95, +5.6% vs. year ago (see table)
- Total moist smokeless tobacco net can volume +1.3%
- Moist smokeless tobacco category +7.6% vs. year ago
(26 weeks ended June 14, 2008)
- Ste. Michelle Wine Estates net sales +24.7% and operating profit
+29.5% vs. year ago
Continue reading ‘UST reports second quarter 2008 results; reaffirms Earnings Guidance for the year’
* Champagne revenue up 4.7%
* Continued improvement in the product mix
Continue reading ‘Vranken-Pommery Monopole: first-half 2008′
Pernod Ricard is pleased to announce the completion of the acquisition of V&S Vin & Sprit AB (“V&S”). This follows the decision by the European Commission on 17 July 2008 to authorise Pernod Ricard to acquire 100% of the shares in V&S in accordance with the agreements concluded between the Kingdom of Sweden and Pernod Ricard on 30 March 2008. The transaction is valued at €5.69 billion, including debt.
Continue reading ‘Pernod Ricard’s completed acquisition of V&S’
Directors Elected; Dividend Declared
At their annual meeting recently, Brown-Forman (NYSE:BFB)(NYSE:BFA) stockholders celebrated a record financial year and another successful milestone in the company’s leadership succession, as Geo. Garvin Brown IV officiated at his first annual meeting - and Brown-Forman’s 75th since the company went public in 1933 - as presiding chairman of the board of directors. Brown, a fifth generation family shareholder, became a director in 2006 and assumed the additional role of presiding chairman of the board in September, 2007.
Continue reading ‘Brown-Forman shareholders celebrate record year’
* Results Achieve High End of Updated Target Range
* Company Boosts Dividend 5% to Annual Rate of $1.76 Per Share
* Share Buybacks Exceed 4.3 Million Shares Since March 31
* Company Completes Repurchase from V&S Group of Minority Interest in Beam Global Spirits Business
Continue reading ‘Fortune Brands reports second quarter results’
The Board of Directors of Rémy Cointreau, meeting on 29 July 2008, approved the Group’s consolidated financial statements. Net profit was €98.4 million.
Continue reading ‘Rémy Cointreau: consolidated statements for the year 2007/8′
Organic revenue growth of 12%
Further increase in operating margin
LVMH Moët Hennessy Louis Vuitton recorded revenues of €7.8 billion in the first half of 2008, reflecting organic growth of 12%. The Group had excellent performances in Asia, the United States and Europe.
Continue reading ‘LVMH delivers excellent results in the first half of 2008′
During the first nine months of 2007 Bulgaria exported 857 000 hectoliters of wine, a 21% increase compared to the same period of 2006 (711 000 hectoliters).
Continue reading ‘Bulgaria wine exports grow 21% in 2007′
Wine Literature of the World has been created by the State Library of South Australia to highlight its wonderful collections of wine-related materials, the largest in the Southern hemisphere, if not the world.
Continue reading ‘Wine Literature of the World - State Library of South Australia’
The LVMH group notes today’s decision by the President of the Paris Court of Appeal, which confirms the charges against eBay of the Paris Commercial Court.
Continue reading ‘ebay and LVMH: Paris Court of Appeal’
BulgarianWine.com introduces America to emerging quality wines from former eastern Europe.
Continue reading ‘Marketer of premium Bulgarian wines tops $1 million in internet sales’
Winemaker Stuart Bourne today released the new vintage of the iconic BVE E&E Black Pepper Shiraz.
Continue reading ‘Combined efforts produce flagship Barossa wine’
Nomacorc, the world’s leading producer of alternative wine closures, today announced that it has initiated an in-depth three-year project with Forschungsanstalt Geisenheim (Geisenheim Research Center) in Germany. The research will explore the development of the Riesling varietal under varying amounts of oxygen and evaluate the influence of different bottling conditions with an emphasis on headspace variations. Continue reading ‘Nomacorc partners with Forschungsanstalt Geisenheim on advanced research into post-bottling chemistry of Riesling’
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol, today reported diluted earnings per share (EPS) on a reported basis of $0.20 for the quarter ended May 31, 2008 (first quarter 2009), compared with $0.13 for the prior year first quarter. First quarter 2009 diluted EPS on a comparable basis, which excludes acquisition-related integration costs, restructuring charges and unusual items, totaled $0.34 versus $0.21 for the prior year.
Continue reading ‘Constellation Brands reports Q1 fiscal 2009 results; Company reaffirms full-year guidance’
A still white wine has triumphed as Wine of the Year in this year’s English & Welsh Wine of the Year Competition for the first time since 1999. Continue reading ‘Aromatic still white style leads UK wine winners’
Fortune Brands, Inc. (NYSE: FO) today updated its earnings outlook for the second quarter and full year 2008. Weakening consumer sentiment in the U.S., the ongoing correction in the U.S. housing market, and a large and unexpected Australian tax increase on ready-to-drink spirits products have together created a more challenging environment for the company’s products.
Continue reading ‘Fortune Brands updates earnings expectations’
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