Jim Beam Revenues Benefit from Price Increases

Dear Client:Comparable net sales were flat for spirits in the three months ended June 30, while industry volumes were up modestly in the U.S. Revenues were stronger in the quarter for Fortune’s spirits unit, Beam Global, amid recent price increases. Fortune’s chief Bruce Carbonari said that although consumers are still going out less, the trading down phenomenon is starting to stabilize, particularly between the first and second quarters. “We are seeing some trading down in price points but well known