Canada's Corby Spirit and Wine Q3 revenue, profit rise

Corby Spirit and Wine

14/05/2026 21:29

Overview

Canada spirits and RTD maker's Q3 revenue rose 21% yr/yr on RTD expansion, LCBO order phasing

Adjusted EPS for Q3 rose 67% yr/yr, reflecting strong earnings growth and cost discipline

Company declared a C$0.24 per share quarterly dividend

Outlook

Corby expects Q4 to be significantly softer as LCBO ordering normalizes and spirits declines persist

Company expects high single-digit revenue growth for FY2026, reaching record revenue

Corby plans to focus on sustainable, profitable growth and continued investment in core brands

Result Drivers

RTD EXPANSION - Growth in domestic case goods revenue was driven primarily by continued strength in the RTD business across Western Canada and Ontario

LCBO ORDER PHASING - Favourable LCBO order phasing as certain shipments were pulled forward ahead of the LCBO system upgrade boosted Q3 revenue

SPIRITS MARKET SHARE GAINS - Market share gains in spirits due to the removal of US-origin products from retail shelves in key provinces, despite a declining spirits market

Company press release: ID:nCNWh4JCka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$58.30 mln
Q3 Adjusted EPS
C$0.27
Q3 EPS
C$0.28
Q3 Adjusted Net Income
C$7.60 mln
Q3 Net Income
C$7.90 mln
Q3 Adjusted Income from Operations
C$11.60 mln
Q3 Dividend
C$0.24
Q3 Income from Operations
C$12.50 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)