Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Distil plc ( (GB:DIS) ) has provided an announcement.
Distil plc has reported a 34% increase in Q4 revenues, but anticipates a 31% decline in full-year revenues due to challenging market conditions, including inflation and duty increases. The company is undertaking a strategic review to stabilize operations and enhance shareholder value, exploring options such as cost management and potential asset sales. Distil is also focusing on expanding its distribution through a partnership with Global Brands and progressing with the Ardgowan whisky distillery project, which could provide new revenue streams.
More about Distil plc
Distil plc operates in the premium drinks industry, owning brands such as RedLeg Spiced Rum, Blackwoods Gin and Vodka, and Blavod Black Vodka. The company focuses on expanding its market presence through strategic partnerships and distribution channels, particularly in the UK and emerging markets.
YTD Price Performance: -31.67%
Average Trading Volume: 7,413,059
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.2M
Learn more about DIS stock on TipRanks’ Stock Analysis page.