Spirits Boost Brown-Forman Profit
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Brown-Forman Corp. BFb.N, which  sells products ranging from Jack Daniels whiskey to Lenox  china, on Thursday posted a better-than-expected 67 percent  jump in earnings as aggressive marketing boosted sales of  premium spirits and new wines.
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Diageo, the world's biggest maker of alcoholic drinks, said on Thursday that net profit advanced 8.9 percent in the first half of the group's financial year, boosted by performance abroad.
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Diageo, the worldâs largest producer and distributor of alcoholic drinks, reported a 23 percent decline in first-half profit but raised its full-year forecast for profit growth from existing operations. The company, which is based in London, announced a Â£100 million ($195.6 million) expansion of its Scotch whiskey operations in anticipation of continued long-term demand in emerging markets. Diageo said profit fell to Â£895 million ($1.75 billion) in the six months ended Dec. 31, from Â£1.17 billion a year earlier. The company said profit excluding one-time items was up 4 percent, to Â£1.31 billion, and it raised its forecast for profit growth this year to 8 percent from 7 percent.
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Diageo, the world's biggest maker of alcoholic drinks, has said that its net profit surged by 42 percent to 1.908 billion pounds during its financial year, boosted by strong sales in the United States.
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The company posted a second-quarter profit of $182 million, helped by strong international beverage and bakery sales.
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Drinks giant Allied Domecq was today toasting the success of spirits such as Ballantineâs whisky and Malibu rum as it issued an upbeat trading statement.
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Molson Coors Brewing Co.   said on Thursday that quarterly net income rose, helped by higher pricing and volume growth.
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Brown-Forman&#39;s whiskey sales are strong but Wall Street sees cracks in the company&#39;s china sales. By Parija Bhatnagar, CNN/Money staff writer.
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French drink empire Pernod Ricard announced on Thursday that its net profits rose by 18.0 percent over the past six months, thanks to a boost from its top global brands.
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Allied Domecq, the world&#39;s second-biggest spirits company, says its annual earnings will show growth, led by a strong performance of its top spirit brands.
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llied Domecq PLC, the big liquor maker, said yesterday that it expected to report increased profit for its fiscal year as a result of growth in Britain and the United States.
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Brown-Forman Corp. (BFb.N: Quote, Profile, Research) , which sells products ranging from Jack Daniels whiskey to Lenox china, on Thursday posted a better-than-expected 67 percent jump
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LONDON (CBS.MW) -- Allied Domecq, the UK drinks and fast-food group, said Thursday pretax profit for the year rose driven by better trading of spirits and wines in the US and UK despite sales remaining flat.
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IRISH drinks firm C&amp;C today posted a six per cent rise in first-half profits. The owner of Bulmers cider in Ireland and Ballygowan mineral water said operating profit in the six months to August 31 rose 6.1
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SABMiller PLC, the world's second-largest brewer by volume, said Thursday that strong sales helped net profit more than double in the first half of the fiscal year.
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Anheuser-Busch Cos. Inc.  posted a higher quarterly profit on Thursday, driven by stronger U.S. shipments of beer, higher prices and demand for its imports.
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Profit soared on increased sales volume, a lower tax rate and cost savings.