Following a trading update issued in July, Virgin Wines has released results for the year to June 30. In line with the…
Following a trading update issued in July, Virgin Wines has released results for the year to June 30. In line with the…
Glenfiddich single malt whisky owner William Grant & Sons has reported a dip in turnover and profits for the year ending 31 December 2020, owing to the impact of Covid-19. The company said late last month that 2020 turnover was £1.26bn, while profit after tax stood at £240m. Compared to the previous year, turnover was down 11.6% and profit by 23.4%. “These results represent a…
Treasury Wine Estates (TWE) has announced its first-half 2019 results with net sales increasing by “the largest organic growth rate in the company’s history”. Pre-tax profits grew 19% with growth across all regions, including a 10% rise across Europe, driven by “masstige-led premiumisation” as well as continued focus on “the strengthening of strategic customer partnerships”. Michelle Brampton, who has recently been appointed as managing director…
Conviviality chief executive Diana Hunter said the group’s half-year results represent a “great result” for franchisees. The Bargain Booze, Wine Rack and Select Convenience franchisees increased their margins by 0.8% on average compared to the same period last year, but Hunter pointed out that many are now shareholders and they will also benefit from the soaring share price. Conviviality shares have grown 37% in the…
Fuller’s craft beer brands are seeing strong growth according to the brewer, which announced its half year results today. The company said operating profit for its craft beers within The Fuller’s Beer Company rose by 8%, although total beer and cider volumes decreased by 4% in the 26 weeks to 24 September 2016. Fuller’s has developed its portfolio of premium brands over the past few…
Retailers have been warned to be especially vigilant when checking IDs as more than 700,000 students aged 15-16 prepare to celebrate GCSE results week. Social enterprise group Under Age Sales polled 1,000 Year 11 students and found that 45% admitted they planned to drink this week. A third said they would ask a family member or friend to buy alcohol for them, while 1 in…
Champagne Nicolas Feuillatte saw sales increase by 2% in 2015, driven – it said – by its strategy to build brand equity. The company shows continued growth and last year sales hit 10.85 million bottles, which was a 2% increase on the previous year. It posted sales worth 215m Euros for 2015 with a net operating profit of 20.6m Euros. In its latest financial results…
Tesco has reported a return to profit and its first quarterly sales growth for three years. The retailer, which is Britain’s biggest supermarket, reported an annual pre-tax profit of £162m for the year to 27 February, with UK like-for-like sales up 0.9% in the fourth quarter. The figure includes a strong performance over the six-week festive period, when sales rose by 1.3%. The results follow…
