Irish Distillers today announced results for the first half of its financial year (ending 31 December 2022), which show strong growth across its portfolio of Irish whiskeys.
The growth was led by Jameson, which sold 6.4 million cases and delivered volume growth of 11% in the first half of FY2023.
In the six months to the end of December 2022, Jameson recorded volume growth in key markets, including the US (up 8%), South Africa (up 21%), Global Travel Retail (up 43%), Ireland (up 11%), India ( up 47%), and Poland ( up 66%).
Prestige Portfolio
Irish Distillers’ prestige range of whiskeys experienced volume growth of 26% in the first six months of the financial year.
This was driven by the success of the Redbreast family (up 20%) which, having surpassed 100,000 cases in 2022, demonstrated growth in key markets.
These included the US (up 32%), Ireland (up 7%) and Global Travel Retail (up 22%).
Similarly, the Spot range of single pot still whiskeys continued to develop its consumer following.
The range delivered overall portfolio growth of 39%, driven by a strong performance in the US (up 35%), Ireland (up 50%), Global Travel Retail (up 124%), and Canada (up 119%).
Powers Irish Whiskey
The Powers Irish Whiskey brand recorded volume growth of 15% compared to last year.
This was predominantly driven by accelerated growth in the US (up 68%), which was supported by a new import and distribution agreement with Lafayette Imports.
“Today’s results demonstrate the strength of our portfolio of Irish whiskeys," said Nodjame Fouad, chairman and CEO at Irish Distillers.
"I am incredibly proud of the work of the teams, both here in Ireland and globally, who are driving the growth of Irish Distillers’ portfolio in markets around the world, and I would like to thank them for their continued creativity and dedication.
"As we look to the next six months of our financial year, we are encouraged by our half year results."
© 2023 Checkout – your source for the latest Irish retail news. Article by Maev Martin. Click subscribe to sign up for the Checkout print edition.
