Glenfiddich and the Balvenie’s Parent Company Reports a Nearly 30% Profit Drop in 2024

Glenfiddich and the Balvenie’s Parent Company Reports a Nearly 30% Profit Drop in 2024

William Grant & Sons, owner of the Balvenie and Glenfiddich, saw a nearly 30 percent drop in profits last year.

William Grant & Sons Posts Sales Of $2.4 Billion For 2024 - Shanken News Daily

William Grant & Sons has posted sales down 6.5% to £1.8 billion ($2.4b) for the 12 months through last December, as profit before tax registered £388 million ($518m) on a 30% decline from the prior year. The Scotland-based company said … Continue reading → The post William Grant & Sons Posts Sales Of $2.4 Billion For 2024 appeared first on Shanken News Daily.

William Grant & Sons Profits Fall 30% in 2024

William Grant & Sons has become the latest major whisky producer to report steep declines in financial performance, with profits falling 30% to £388 million in 2024. The family-owned Scottish distiller, which produces Glenfiddich and recently acquired The Famous Grouse, saw revenues drop 6.5% to £1.834 billion for the year ending December 31, 2024. The company attributed the decline to “industry-wide challenges” and “significant destocking” that…