Beam Suntory, Inc, the alcoholic beverage arm of Japanese group Suntory Holdings said that revenue for the first-half of 2017 was driven by rising consumer demand and favourable share trends across key markets.
The company said that sales grew in the mid-single-digits, driven by double-digit global gains from Jim Beam and Maker’s Mark bourbons.
Beam Suntory, the spirits arm of Suntory Holdings said that revenue for the first nine months of 2016 declined 3.5% to ¥711bn yen ($6.9bn), down from $7.1bn in 2015. The company blamed the lackluster sales on weak demand for its beer in Japan, which declined 1% year-on-year, despite an aggressive marketing push by the company to increase sales. Foreign exchange impact hurt its wine category, pushing sales down slightly.
