Distribution Changes Trim Marie Brizard Sales in 2016

Sales in the U.S. fell 13%, Marie Brizard Wine & Spirits said, attributing the decline to “new distribution contracts which cover 30 states.  Over the course of 2016, a destocking impact that primarily affected Sobiesky occurred, leading to inventory declines of 13%, largely concentrated in the fourth quarter.

If it hadn’t been for that destocking effect, sales in the Americas region overall might have been better.  As it is, Marie Brizard posited a 1.7% decrease in the Americas, but EBITDA grew 51,4% last year.

For the company as a whole, global net sales fell 3.3%, but net income rose 19%.

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