Jameson 'Resilient' Despite COVID-19, With Sales Value Down 1% In FY20
Jameson has announced that it experienced a 1% decline in value growth, as COVID-19 restrictions suppressed growth in the latter half of its financial year.
The groups results for the 2019/2020 financial year, ending 30 June, showed the impact of COVID-19 and the resulting uncertainty in markets during the period, while also demonstrating Jameson’s resilience globally.
Jameson achieved growth in over 50 markets, including key markets such as Ireland, the UK, South Africa and Russia.
The whiskey maker also experienced significant growth in emerging markets including Nigeria, China and India, during the period.
Broader Jameson Family
Within the broader Jameson family, Jameson Black Barrel posted impressive growth of 16% globally, the company said.
“We had a very strong start to the financial year, with sales of Jameson Irish whiskey growing by +9% in the first half of the year," Conor McQuaid, Chairman and CEO of Irish Distillers.
The brand had its busiest December ever, selling 940,000 cases globally.
However, like many others around the world, the COVID-19 pandemic has impacted its business, it added.
"We saw growth slow in some markets – and in cases like global travel retail, come to a relative halt in the second half of the year," McQuid said.
Having experienced a remarkable decade of export-led growth, the company said that it remains confident in Jameson’s ability to bounce back and continue its growth trajectory.
McQuid said: "The priority over the coming months will be the health and safety of our employees as we look to effectively navigate the current environment."
"We continue to be positive about the future and the undoubted better times ahead,” he concluded.
© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.