Macallan Drives Edrington’s Sales To $1.4 Billion
Edrington saw its core revenue top £1 billion for the first time in its fiscal year through March, with sales climbing 22% to £1.1 billion ($1.4b) and profit before tax up 43% to £388 million ($490m). Luxury single malt The Macallan continued to lead the company’s performance, with Edrington noting high demand for upscale expressions like The Macallan James Bond Collection, The Red Collection 77-year-old, and The Macallan M series. The Glenrothes, Highland Park, and Naked Malt also performed well across key markets, growing value ahead of volume, Edrington added.
According to Impact Databank, The Macallan neared 1 million cases globally last year on 7% growth, despite a decline in the U.S. following strong growth the previous year. Edrington’s Brugal rum and Noble Oak Bourbon were both on the rise stateside in 2022, with Brugal now over 100,000 cases. In April, Edrington took a majority interest in Wyoming Whiskey, gaining 80% of the company for an undisclosed sum. The move builds on the 35% stake Edrington took in the craft spirits player back in 2018.
“Whilst the economic landscape will continue to be challenging, the trading environment is improving,” said Edrington CEO Scott McCroskie. “We have healthy brands, an effective strategy, record levels of investment in the business, great people and strong momentum. I am confident that Edrington is well-positioned to deliver sustainable success in the future.”—Daniel Marsteller
|Edrington Americas―Top Five Brands in the U.S.
(thousands of 9-liter case depletions)
|The Macallan||Single Malt Scotch||267||242||-9.1%|
|The Famous Grouse||Blended Scotch||135||125||-7.6%|
|Highland Park||Single Malt Scotch||25||22||-11.3|
|Total Top Five2||538||521||-3.1%|
|1 Based on unrounded data
2 Addition of columns may not agree due to rounding
Source: IMPACT DATABANK © 2023