Irish Distillers has released its results for the year that ended on 30 June 2022.
Details
According to a statement published on IrishDistillers.ie, the Jameson whiskey manufacturer saw Jameson achieve record sales of 10.4 million cases during the 12 month period, with 22% volume growth; Jameson sales reached 4.5 million cases in the US for the first time in a fiscal year, which represented 9% volume growth;
emerging markets including India, Zambia and Bulgaria surpassed the 100,000 case mark for the first time;
Jameson achieved strong sales in key markets including a resurgence in global travel retail (+157%), Spain (+94%) South Africa (+43%), Poland (+43%), Ireland (+20%) and the UK (+16%); and Irish Distillers' prestige portfolio experienced volume growth of 16%, which was mainly driven by Redbreast, which exceeded the 100,000 case mark for the first time.
Statement By Chairman And CEO
The statement published on IrishDistillers.ie included a statement from Irish Distillers chairman and CEO Nodjame Fouad that said, "We are immensely proud of the strong performance of our full portfolio of Irish whiskeys. As evidenced by our results today, our whiskeys continue to go from strength to strength in markets around the world, led by the success of the Jameson brand which surpassed the incredible 10 million case milestone in the 2021/2022 financial year.
"We continue to develop our historically strong markets, such as the US - which reached the 4.5 million case mark in this financial year - while also strengthening Jameson's brand affinity in new and less-traditional Irish whiskey markets such as India, Zambia and Bulgaria - all of which broke the significant 100k case mark in FY22.
"The growth that we are seeing in these non-traditional Irish whiskey markets is the result of consistent focus and determined brand building and development. Our strategy has been laser-focused on growing the Jameson brand and awareness of the Irish whiskey category more generally. As the results today show, this has been incredibly successful and has solidified Jameson as a truly global brand.
"The much-anticipated return of global travel retail - a market in which I worked for many years - was a hugely positive development this year, as people were able to return to more normal pre-pandemic activities which have in turn supported the growth of our portfolio of Irish whiskeys via this particular channel.
"More locally, the spirits' market in Ireland generated volume growth of +8% in calendar year 2021. Against this backdrop, our portfolio of premium spirits brands has recorded strong volume growth during 2021/2022 with Jameson (+20%), prestige Irish whiskeys (+26%) in the domestic market.
"As we look ahead, we acknowledge that various issues on the global stage are causing uncertainty for both businesses and consumers alike, which is why we will continue to deliver on our business strategy and ensure that we have measures in place to manage any potential challenges."
© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
