Cautious consumers pull Edrington down in fiscal 2025 – results data

Twelve-month sales to end of March decline 10% to GBP912m (US$1.25bn)'Reduction in consumer confidence and a more cautious approach to spending' pulls on top lineDownbeat forecasts for months aheadThe Macallan owner Edrington has reported a marked slide in sales from "a more challenging year than we expected".The privately-owned group released its annual report today, indicating a 10% fall in 'core revenue' - meaning owned-brands sales - from the 12 months to the end of March. The performance is a near-exact mirror of fiscal 2024, when the top line rose by 11% year-on-year, despite a slowin