Corby Spirit and Wine posted 22% natural income progress within the third quarter (Q3) of its fiscal yr 2026, totalling CA$58.3 million (US$42.4m) for the three months ended 31 March 2026.
For the primary 9 months of its 2026 monetary yr, income for the Canadian affiliate of Pernod Ricard totalled CA$200.6m (US$145.9m).
Corby Spirit and Wine is majority-owned by Pernod Ricard and is Canada’s second-largest marketer and distributor of spirits and wines.
The division’s president and chief government officer, Florence Tresarrieu, stated in Q3 “income grew at a powerful tempo, pushed by the growth of our ready-to-drink (RTD) portfolio” and from “LCBO [Liquor Control Board of Ontario] order phasing in Q3”.
“Disciplined value administration and robust industrial execution supported even stronger earnings progress,” she added.
Corby’s home case items income in Q3 hit CA$48.2m (US$35m), which marked a 35% year-on-year enhance.
The corporate attributed this to the power of its RTD enterprise throughout western Canada and Ontario, in addition to route-to-market modernisation and LCBO mark-up adjustments.
Its RTD portfolio grew by 22% in worth in Q3, in contrast with 10% progress for the general RTD class in Canada.
Corby famous it was ‘considerably outperforming class traits’ and its RTD progress was being pushed by ‘evolving client preferences and expanded distribution in Ontario’.
Its complete spirits portfolio in Q3 outperformed Canada’s spirits market in worth for the 14th yr in a row.
The corporate stated it maintained ‘secure retail gross sales worth’, regardless of the general spirits class in Canada declining by 4.2% yr on yr, with the market affected by structural adjustments in Ontario’s alcohol panorama.
Exports battle
Corby famous it continued to profit from the removing of US-made merchandise from retail cabinets in key Canadian provinces, which has resulted in market share good points in spirits regardless of an general declining Canadian spirits market.
US spirits exports to Canada have nosedived by 70% since American spirits had been faraway from most provinces final March.
Corby’s export case items gross sales, nonetheless, fell by 20% to CA$3.3m (US$2.4m) in Q3.
The corporate put the outcome all the way down to ‘unfavourable cargo phasing following a powerful first half of the fiscal yr’ and overstocking the yr earlier than in anticipation of US tariffs.
For the 12 months ended 31 March, Corby’s spirits portfolio grew by 3.1% in worth towards an general spirits market that declined by 3.6%.
Corby’s RTD portfolio grew by 32% yr on yr, ‘considerably outperforming’ the market.
Tresarrieu anticipates that This fall shall be “considerably softer” because of normalising LCBO ordering patterns and a persisting spirits market decline.
“Regardless of this, we stay on monitor to ship excessive single-digit income progress for FY2026, reaching a report income stage for the corporate,” she continued. “Regardless of a unstable business backdrop, our workforce has demonstrated resilience and agility, enabling us to seize incremental market share throughout each spirits and RTDs. This displays the power of our technique, portfolio, and partnerships.”
In the course of the first half of its fiscal 2026 yr, Corby reported an natural income rise of 13%.
In February, the corporate launched a whisky and ginger RTD for JP Wiser’s, pre-mixed with Canada Dry.
In recent times, Corby added Nude and Cottage Springs to its RTD portfolio, because the class has turn into a focus of its technique.
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