December 9, 2021

OsoyoosToday

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US and Canada consume less Jose Guerrero Tequila due to logistics issues

The fall in revenue was due to a 24.6% drop in sales in the United States and Canada, which have been hit by global problems in supply chains. Contrary to the results reported in 2020, both countries, representing 59% of the company’s sales, were the largest active markets as there were no restrictions on alcohol sales as there were in other markets.

The decline in sales in the United States and Canada was not offset by a 39.5% increase in sales recorded in the rest of the world (RoW), which was driven by the easing of regulatory measures.

Year-on-year sales in Mexico increased by 33.3%, mainly due to the reopening of the consumer-centric channel and sales of tequila premium brands.

Due to supply chain limitations and a high base of comparison, the volume obtained from the United States and Canada decreased by 18.6% to 6.484 million nine-liter cases, down 2.0%.

The region, known by the company as the “Rest of the World”, grew by 49.8% year-on-year.

Consolidated net income is down 36.2% to 1,330 million pesos from 2,083 million pesos in 2020. Operating cash flow in the third quarter — or Uafida — was 2,111 million pesos, down 35% compared to the same. 2020 Labs.

Compared to the same period in 2020, Jose Curvo’s net sales fell 17.6%. But it did not take the throne as Tequila’s ‘star brand’ in the Beckle portfolio because it accounted for 35.6% of net sales of that category. The third quarter of 2021.

During the period under review, net sales of other Tequila brands increased by 3.1% compared to the same period last year and accounted for 29.8% of total net sales.

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Sales of spirits brands increased by 7.3% and sales of non-alcoholic beverages and other items increased by 85.0% compared to the third quarter of 2020. Net sales of ready-to-drink or ready-to-drink preferred in infections fell by 36.3%.