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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
DISTIL
DISTIL (DIS) investor relations material
DISTIL H2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 TU earnings summary24 Mar, 2026
Executive summary
Q4 and full-year revenues are significantly below forecast, leading to a greater than anticipated loss before tax for the year ending 31 March 2026.
Sales to end customers increased in Q3 and Q4, but distributor stock levels remained high, impacting purchase phasing and reported revenues.
The spirits category faced headwinds from economic downturn, inflation, and duty increases, reducing overall consumer spending.
The Board is exploring short-term funding options to address immediate liquidity needs.
Financial highlights
Full-year revenue is expected to be materially below market expectations due to underperformance in Q4 and throughout the year.
Loss before tax for the current year will be greater than anticipated.
Increased promotional activity agreed with major grocery customers to drive sales in Q1 of the next financial year.
Outlook and guidance
Distributor negotiations and route-to-market reviews are ongoing, with updates expected soon.
Focus on driving awareness and footfall for the Blackwoods Brand Home in the next financial year.
US launch of Blavod black vodka delayed, expected to resolve in Q1 of the next financial year.
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Latest events from DISTIL
- Consumer sales up 36% despite 26% revenue drop; export and US market progress noted.DIS
Trading update - Q2 rebound and margin gains offset a tough H1, with new partnerships and cost control aiding results.DISH1 2026
- Revenue down 32%, pre-tax loss widened, with cost controls and new distribution set for recovery.DISH2 2025
- Ardgowan whisky production launched, private cask sales surged, and H1 revenues grew 9.3%.DISTrading Update
- Revenue up 15% but net loss widened to £1,167k amid cost pressures and market challenges.DISH2 2024
- Q1 revenue up 206% as brand engagement and e-commerce drive strong recovery.DISTrading Update
- Revenue up 37% and loss before tax cut by 43% as growth returns post-remodel.DISH1 2024
- Revenue fell sharply, but a new Global Brands partnership targets future growth.DISTrading Update
- Q4 revenue up 34%, but full-year sales drop 31% as cost cuts and strategic review intensify.DISTrading Update
Next DISTIL earnings date
H2 202617 Nov, 2026
DISTIL
Next DISTIL earnings date
H2 202617 Nov, 2026
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