New York-based Castle Brands Inc., a developer and international marketer of premium and super-premium branded spirits, reported financial results for the quarter and 2015 fiscal year, ending March 31.
Growth driven by whiskeys, Gosling’s Stormy Ginger Beer
November 18, 2014
Castle Brands Inc., New York, reported a net sales increase of 14.8 percent to $13.4 million for the second quarter of its 2015 fiscal year, which ended Sept. 30, compared with the prior-year period. This can be attributed to continued strong growth of Jefferson's bourbons and Irish whiskey, which led to a 36.8 percent increase in whiskey revenues from the comparable prior-year period, the company says. In addition, Gosling's Stormy Ginger Beer case sales increased 72 percent to approximately 192,000 cases from approximately 112,000 cases in the prior-year period, it adds.
Growth slowing in flavored vodkas, overall spirits category, Rabobank reports
June 3, 2014
Brown spirits are leading much of the growth in the U.S. spirits market, with the segment growing 3 percent in the first four months of 2014, according to New York-based Rabobank’s latest global spirits report. More specifically, sales of Tennessee whiskey and bourbon expanded their already large shares, while flavored whiskey, rye, small-batch whiskey, and Irish whiskey and single-malt Scotch whisky maintained their impressive growth rates, it reports.
Castle Brands Inc., a New York City-based developer and international marketer of premium and super-premium branded spirits, reported financial results for the three- and nine-month periods ending Dec. 31, 2013.
Deerfield, Ill.-based Beam Inc. added the 2 Gingers brand to its Irish whiskey portfolio. Additionally, the company announced that Kieran Folliard, the founder of 2 Gingers, will become Beam’s chief Irish whiskey ambassador in the United States.