The following is a summary of the Corby Spirit and Wine Limited (CBYDF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Corby Spirit and Wine Limited reported a 13.7% boost in operating revenue, attributed to solid retail value growth that exceeded the performance of the spirits and ready-to-drink market.

• Delivering positive operating cash flows of $14.7 million.

• Declared a Q3 dividend of $0.21 per share, tallying total dividends for the first nine months of the fiscal year to $0.63 per share.

• Revenue surged by 30% to $163.1 million, bolstered by the included performance of the ABG brand portfolio.

• Though adjusted earnings grew, reported net earnings declined by 6% due to a one-off accounting impact linked to fair market value adjustment for ABG inventory.

Business Progress:

• Recent acquisitions of the ABG and Nude beverage brands have expanded the company's presence in the rapidly growing ready-to-drink market and have made significant impacts in the Eastern and Western Canadian markets.

• Progress continues on the company's digital transformation initiative.

• Several brand redesigns and launches transpired, most notably within the J.P. Wiser's family and polarized vodka range.

• The company persists with brand investments and diligent management of overhead costs.

More details: CORBY SPIRIT & WINE LTD IR

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