<\/p>\n
Andrew Dane: focused on delivery<\/p>\n
Whisky curator, the Artisanal Spirits Company, saw an uptick in sales to the US but lower trade cask sales as it posted a slight reduction in half year losses.<\/p>\n
Total revenue for the period came in 5% down at \u00a39.2 million from \u00a39.7m in the prior year, primarily due to a fall in trade cask sales to \u00a31.3m from \u00a32.3m. <\/p>\n
However, branded business revenue increased by 7% to \u00a37.9m, driven by growth in the US market which saw an 18% reported revenue increase. <\/p>\n
An ebitda loss of \u00a31.4m was a slight improvement from a \u00a31.5m loss in the prior year, and cash generation from branded businesses rose by \u00a31.5m <\/p>\n
Global membership grew by 3% to 39,700, with strong recruitment in China, the US, and the UK, and net debt stood at \u00a334m as of June 30, 2026. <\/p>\n
The outlook for the full year remains dependent on trade cask sales, with the board expecting to meet market expectations if these transactions complete as anticipated.<\/p>\n
Chief executive Andrew Dane said: \u201cOur Branded businesses are growing, reflecting the progress and health of the underlying business, up +7% in H1-26 and around +10% year to date to the end of August 2026. <\/p>\n
\u201cOur US business is now on the footing we wanted, with depletions up +8%. Our cost and cash discipline is working.<\/p>\n
\u201cOur members are buying more often and growing in number in every region.<\/p>\n
\u201cLooking ahead, our focus remains on further developing the personalisation experience and leveraging AI tools to enhance the data we hold. \u00a0<\/p>\n
\u201cMembership is the engine of our business, and we are encouraged by the momentum we are seeing. \u00a0Whilst trade cask sales are more weighted to the H2 this year, we are focused on delivering these at the right price.\u201d<\/p>\n
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\t #Artisanal #Spirits #dips #trade #cask #sales #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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