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Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
DISTIL
DISTIL (DIS) investor relations material
DISTIL Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary19 Jan, 2026
Financial performance
Revenues fell 26% year-on-year to £173k for Q3 2025/26, with distributor volumes down 39% but consumer-level volumes up 36%.
Gross margins remained steady at 42% compared to the previous year.
Market and sales trends
Retail sales of RedLeg to end consumers rose 36% year-on-year, outperforming a 4.1% decline in total take-home alcohol spending.
On-trade value sales increased 1.9%, but higher prices were driven by duty and inflationary pressures.
Distributor sales lagged due to high inventory built in Q2 and efforts to run leaner stock levels.
Export and distribution developments
Export revenues grew 7.5x year-on-year, mainly due to order phasing in the largest market.
US regulatory approval for Blavod was secured, enabling preparations for market entry with Aiko Spirits.
Blackwoods secured a significant on-trade listing with Buzzworks, a Scottish hospitality group.
When will distributor inventory normalize?
Blavod US market entry: expected revenue impact
Mitigate Feb 2026 duty increase impact
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Next DISTIL earnings date
H2 202623 Jun, 2026
DISTIL
Next DISTIL earnings date
H2 202623 Jun, 2026
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