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’
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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’
Lion Nathan Limited (Lion Nathan) has posted a strong interim result, lifting operating net profit after tax (NPAT) by 7.0% to $167.7 million for the six months to 31 March 2008. Net sales revenue again grew strongly, rising 7.9% to $1.12 billion as increased investment in marketing and innovation initiatives continued to encourage drinkers to shift to higher equity national and premium brands. The robust revenue improvement was also assisted by the earlier timing of Easter in 2008 and the inclusion of almost three months of Boag’s trading following its acquisition in January 2008.
Continue reading ‘Lion Nathan delivers strong interim result’
Award-winning Adelaide Hills boutique winery, Abbey Rock Wines, is for sale after being placed into voluntary administration at the request of its directors.
Continue reading ‘Adelaide Hills Winery for sale as administrators appointed’
* Highly dynamic sales (+9.3% nine month cumulative organic growth)
* Continuing strong growth in the 3rd quarter: (+7.1% organic growth)
* Confirmed profit growth guidance for the 2007/08 financial year
Continue reading ‘Pernod Ricard: Sales for 9 months to 31 March 2008: € 5,091 million’
Fortune Brands, Inc. (NYSE: FO):
* Company Delivers Results within Targeted Earnings Range Despite Challenging U.S. Environment
* International Growth and Successful New Products Across Company Moderate Impact of U.S. Home Products Market
* Brand-Building Investments Support Sales Growth for Key Spirits and Golf Brands
Continue reading ‘Fortune Brands reports first quarter results’
- Net sales $472.7 million, +5.7% vs. year ago
- Diluted earnings per share $.83, +23.9% vs. year ago
- Adjusted diluted earnings per share $.84, +12.0% vs. year ago (see table)
- Total Moist Smokeless Tobacco net can volume +3.0% and premium +2.1% vs. year ago
- Moist Smokeless Tobacco category +7.1% vs. year ago (26 weeks ended Feb. 23, 2008)
- Ste. Michelle Wine Estates net sales +25.3% vs. year ago
Continue reading ‘UST posts strong first quarter 2008 results; reconfirms 2008 Guidance’
First-Quarter 2008 Revenue Stable.
Vranken-Pommery Monopole, a major producer and distributor
of Champagne, today released its business review for the first three months of 2008. Continue reading ‘Vranken-Pommery Monopole: Quarterly Business Review for the three months ended March 31, 2008′
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, achieved revenue of 4 billion euros in the first quarter of 2008. Organic* revenue increased by 12% compared to the same period in 2007, which was also a period of strong growth. As a result of the negative impact of exchange rates, reported revenue growth is 5%.
Continue reading ‘Continuing double digit organic growth for LVMH in first quarter of 2008′
- Generates record free cash flow for fiscal 2008; company expects strong free cash flow for fiscal 2009
- Premium wine and spirits portfolios enhanced by acquisitions, sale of value wine brands
- Non-cash impairment charges reduce reported fiscal 2008 results
- Company provides fiscal 2009 outlook; projects comparable basis diluted EPS of $1.68 - $1.76 versus $1.44 for fiscal 2008
Continue reading ‘Constellation Brands reports fiscal 2008 results’
Operational improvement on the new subsidiaries. BCC1 achieved a clear improvement in its performance over 2007, with 51.97 million euros in EBIT, an operating margin representing 14.5% of revenues, and strong growth in net income (Group share), up to 21.37 million euros.2
Continue reading ‘Boizel Chanoine Champagne: Growth in profitability over 2007′
- ABOUT BOIZEL CHANOINE CHAMPAGNE
Listed on EUROLIST, Compartment B, Boizel Chanoine Champagne fully owns seven Champagne Houses:
- Champagne Boizel (Epernay), French mail-order market leader, with wines distributed in the
traditional sector for international markets.
- Champagne Chanoine Frères (Reims), wines intended primarily for the mass retail market (Chanoine brand), notably with the Tsarine Grande Cuvée range.
- Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos des Goisses, with wines available on selective retail markets.
- Champagne De Venoge (Epernay), also sold on selective retail markets, notably with its new Louis XV vintage.
- Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard (wine sold in traditional sectors), as well as the Ferdinand Bonnet brand.
- Maison Burtin (Epernay), a mass retail supplier and owner of the Besserat de Bellefon brand, distributed through traditional networks (restaurants, wine stores).
- Champagne Lanson (Reims), the prestigious international brand. [↩] - Stock market chart [↩]
A 6 per cent increase in all alcohol duty rates will come into effect on 17 March 2008. This will add 14 pence to the price of a bottle of wine. In order to ensure that alcohol duties keep pace with rising incomes alcohol duty rates will increase by 2 per cent above the rate of inflation in future years.
Brown-Forman Corporation reported a 4% increase in diluted earnings per share and an 8% increase in operating income for its
third quarter ended January 31, 2008.(1) The addition of profits from the Casa Herradura(2) brands acquired in January 2007, benefits from favorable foreign exchange fluctuations, higher global consumer demand for Jack Daniel’s Tennessee Whiskey and Finlandia Vodka, an exceptional increase in U.S. demand for Gentleman Jack, and continued excellent growth for the Jack Daniel’s & Cola ready-to-drink in Australia contributed to profit growth for the quarter. Partially offsetting these gains were softness for Southern Comfort and higher raw material costs. Adjusting for the benefits of a weaker U.S. dollar, the impact of changes in global trade inventories, and profits from Casa Herradura, underlying operating income improved 7%(3) for the third quarter.
Continue reading ‘Brown-Forman reports third quarter operating income growth of 8%, underlying operating income up 7% for the third quarter and year-to-date’
* Operating profit from ordinary activities: € 966 million (+15.3%(1))
* Net profit Group share: € 588 million (+17.7%)
* Upward revision of 2007/2008 full-year profit growth guidance
Continue reading ‘Pernod Ricard: Historic sales growth and accelerated profitability growth in the 1st half year of the 2007/2008 financial year’
The Board of Directors of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63 cents per common share, payable March 31, 2008 to stockholders of record at the close of business March 14, 2008.
Continue reading ‘UST declares regular quarterly dividend’
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded 2007 profit from recurring operations of 3 555 million Euros, an increase of 12% compared to an already strong performance in 2006. The current operating margin again improved, reaching 22% in 2007. Revenue rose to 16.5 billion Euros, reflecting organic growth of 13% to which all business groups and all regions contributed.
Continue reading ‘LVMH achieves record results in 2007 - New growth objective for 2008′