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Corby Spirit reports 18% rise in adjusted net earnings despite 4% revenue dip due to brand sale

Company Fundamentals
13 Nov 2026, 20:49 WIB
Seeking Alpha
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Bullish
Corby Spirit reports 18% rise in adjusted net earnings despite 4% revenue dip due to brand sale

Corby Spirit and Wine Limited reported a solid start to fiscal 2027 with a 1% organic revenue growth driven by ready-to-drink (RTD) products and higher commissions, offsetting a 4% revenue decline from selling the Lamb's Rum brand. Adjusted net earnings rose 18%, supported by improved gross margins and cost discipline. The company maintains a strong balance sheet and increased its quarterly dividend by 9%. Despite positive results, Corby remains cautious due to ongoing market pressures and geopolitical uncertainties.

Corby Spirit and Wine Limited Q1 2027 earnings provide context for readers. For those following Consumer Staples, 53 of 63 US stocks on Pluang rose today, while 9 fell. Notable movers include ELF at USD 116.49 (+2.61%), GIS at USD 34.29 (+2.30%) with 100% buy orders, and HNST at USD 4.91 (+2.29%) with 100% buy orders, as of Nov 13, 2026 22:51 WIB.

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