Canada's Corby Spirit and Wine Q4 revenue slips as LCBO order phasing weighs

Corby Spirit and Wine

26/08/2026 23:17

Overview
Canada spirits and RTD maker's Q4 revenue fell 1% yr/yr, organic revenue flat
Q4 adjusted EPS rose slightly, adjusted net income declined 1% yr/yr
Company increased quarterly dividend and renewed Pernod Ricard representation agreement

Outlook
Corby expects continued market uncertainty in FY27, including questions about U.S. product returns
Company plans to focus on profitable growth, strong balance sheet, and sustainable dividends
Corby anticipates earnings continuity from renewed Pernod Ricard representation agreement

Result Drivers
LCBO ORDER PHASING - Co said Q4 domestic case goods revenue fell due to LCBO orders pulled forward to Q3 ahead of system upgrade
RTD EXPANSION - Continued strength and growth in RTD business offset declines in domestic case goods, helped by LCBO markup change and expansion in Western Canada and Ontario
EXPORT GROWTH - Export case goods sales rose 37% yr/yr on strong shipment growth in U.S. and U.K., with prior-year shipments affected by phasing

Company press release: ID:nCNW1NHK0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$71.10 mln
C$68.20 mln (1 Analyst)
Q4 Adjusted EPS
Beat
C$0.26
C$0.23 (1 Analyst)
Q4 EPS
 
C$0.23
 
Q4 Adjusted Net Income
Beat
C$7.40 mln
C$6.60 mln (1 Analyst)
Q4 Net Income
 
C$6.50 mln
 
Q4 Adjusted Income from Operations
 
C$11.80 mln
 
Q4 Dividend
 
C$0.25
 
Q4 Income from Operations
 
C$10.90 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the distillers & wineries peer group is "buy"
Wall Street's median 12-month price target for Corby Spirit and Wine Ltd is C$22.00, about 41.8% above its August 26 closing price of C$15.51

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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.)