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Published: January 10, 2024 at 2:55 a.m. ET
Written by Ian Walker
Distill PLC said third-quarter revenue grew 39% and sales volume increased 10%, benefiting from its 2022 business restructuring, and expects this growth to further expand over the fourth quarter of the fiscal year He said he is doing so.
The London-listed spirits company produces Redleg Spiced Rum, Blackwoods Gin and Vodka and Bravod Black Vodka.
Written by Ian Walker
Distill PLC said third-quarter revenue grew 39% and sales volume increased 10%, benefiting from its 2022 business restructuring, and expects this growth to further expand over the fourth quarter of the fiscal year He said he is doing so.
The London-listed spirits company, whose portfolio includes the Redleg Spiced Rum, Blackwoods Gin and Vodka and Bravod Black Vodka brands, said on Wednesday that its revenue for the quarter ended December 31 was 411 pounds. It was announced that the price was 571,000 pounds ($725,798). Year-on-year sales were $000, and the full nine months amounted to £1.2m and £870,000 respectively.
Chairman Don Golding said: “While the overall spirits market remains weak due to increasing pressure on consumer spending, and the medium-term macro outlook remains challenging, we are pleased with the positive quarter and the growth we have achieved since the start of the year.” It’s encouraging,” he said.
“Thanks to the flexibility provided by the restructuring, we are confident that our brand and business are well positioned for the new financial year and that we can continue this growth in the fourth quarter. I am.”
Email Ian Walker at ian.walker@wsj.com.
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