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Castle Brands Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Aug 9, 2019. Its latest SEC filing is a SC 13D/A from Oct 22, 2019.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Markets premium spirits and related drinks to beverage distributors, state agencies and retailers.

How Did They Make Money?

Sells finished beverage products to wholesale distributors and state-operated agencies, which pass them on to retail outlets. In the U.S., the sales price includes excise tax and import duties; in most international sales, customers pay excise taxes upon shipment.

revenue

Who Were Their Customers?

In the U.S., Castle sells through wholesale distributors and, in control states, directly to state-operated agencies; those distributors and agencies supply retailers such as liquor stores, restaurants, bars and supermarkets. In international markets, it mainly uses established spirits distributors, with some sales direct to retailers.

Customers above 10% of revenue, FY2019
of revenue from one customer
FY2018: 37% from one customer

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Jun 30, 2019
Revenue
▼ −2%
vs $23.1M in Q1 FY2019
Net income
▲ +139% (Loss)
vs −$307.4K in Q1 FY2019
  • Oct 9, 2019 Pernod Ricard completed its acquisition of Castle Brands Castle Brands became a direct wholly owned subsidiary of Pernod Ricard, and its stock was set to be delisted.

Grew. Revenue grew 67% in 4 years, from $57.5M in to $95.8M in , about 14% a year.

Goslings distribution The older report described Castle as the exclusive U.S. distributor for Goslings rum. The latest report describes it as the exclusive global distributor outside Bermuda, through its controlling interest in the export venture.

Tequila portfolio The older report included tequila among its beverage categories and listed Tierras tequila. The latest report omits tequila from its listed categories and brands.

Who Did They Compete With?

Competes with Diageo, Pernod Ricard, Bacardi, Brown-Forman, Beam Suntory, Davide Campari Milano-S.p.A., Remy Cointreau, LVMH Moët Hennessy Louis Vuitton, Constellation Brands, Proximo Spirits, Sazerac, Heaven Hill Brands, and William Grant & Sons Distillers

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