Company reports net sales growth of 10 percent from prior year period
January 12, 2018
For the first six months of the fiscal year, the company’s reported net sales increased 10 percent to $1.6 billion, compared with the prior-year period.
Like consumers during Christmas and New Year's Eve, the readers of Beverage Industry feel the love for whiskey as 73 percent of voters named Stillhouse Spiced Cherry Whiskey their favorite new beverage in Readers’ Choice: New Product of the Month poll for November.
Marking the distillery’s first foray into brown craft spirits, Tommyrotter Distillery released Triple Barrel American Whiskey and limited-edition Napa Valley Heritage Cask Straight Bourbon Whiskey.
With the continued success of Constellation Brands and its drive for premiumization and corporate responsibility, Rob Sands has been named Beverage Industry's 2017 Executive of the Year.
Old Camp Whiskey, a brand created by country group Florida Georgia Line and a product of Proximo Spirits, announced the launch of its Old Camp Peach Pecan Whiskey.
Old Pulteney, a brand of International Beverage, announced the U.S. launch of Old Pulteney Stroma Malt Whisky Liqueur, a product of Pulteney Distillery located in Scotland.
Within the wine and spirits markets, dark spirits, sparkling wines and red blends are leading growth, according to analysts. The whiskey segment saw volume increase 6.8 percent to 21.8 million cases and revenues grow 7.7 percent to $3.1 billion in 2016, according to the Washington, D.C.-based Distilled Spirits Council.