Seeking Alpha

BCInvestor's  Instablog

BCInvestor
Send Message
I am a freelance reporter for several Beverage related magazines and Blogs.
  • Liquor Group Wholesale Enjoys Another Profitable Year  0 comments
    Sep 7, 2010 12:18 PM

    Jacksonville, Florida – August 31, 2010 – Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) announced its unaudited results for the fiscal 2010 year, ending August 31, 2010.

     

    Fiscal year net income is estimated to be $2.2M or $0.20 basic weighted earnings per share before non-cash expenses, more than 300% greater than last years results.  The Company enjoys all profits through the use of a $25 million net operating tax loss captured in the merger of August 2007, an asset utilized to offset tax due on net profits every quarter. 

     

    Key Financials:

     

    Key financial highlight estimates for fiscal 2010 include:

     

    * Gross margin of 38.8% (More than 100% increase from FY 2009)

    * Net income of 40.2% (More than 100% increase from FY 2009)

    * Current liquid ratio of +2.22 (20% increase from FY 2009)

     

    C. J. Eiras, President and CEO commented: “Liquor Group Wholesale, which now represents approximately 13% of Liquor Group associated worldwide operations continues to trend upward in scope, territory and value.  We see positive developments in operations again this year, as evidenced by strong numbers in both overall sales and companywide performance.  Our profitability again demonstrates that even in a tough economy our operational system works.  Our continued portfolio expansion of high-margin brands coupled with increased market presence has again led to positive results for our shareholders.”

     

    Eiras continued “Our core business operations were again positively impacted by the advantages of our patent-pending business model.  Increasing sales are partly attributed to new additions to our brand portfolio as well as the expansion of our sales force and territories, which continued to outpace supplies of products due to our buying power and leverage.  Some of the leading premium products in the market have begun taking advantage of our growing operation; and our business model is increasingly becoming more accepted by the alcohol beverage industry.” 

     

    The company made three key strategic acquisitions/mergers and expansions in Fiscal 2010, including statewide distributor operations in Illinois, expansion of relationships in South Carolina as well as the purchase of Broker operations in Iowa.  This, among other planned acquisitions, has a positive impact on shareholder equity and value. 

     

    The Company provides these results to investors so that they might gain better insight into its underlying business trends from continuing operations.

     

    About Liquor Group Wholesale

    Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) is an emerging alcohol distribution/brokerage organization representing thousands of brands with operations in 33 US States.  Our Manufacturer to State level conveyance utilizes a Patent-Pending business model focused on providing unique trade channels for many of the world’s leading & emerging alcohol beverage brands.  Current/historical financial information at: LiquorGroup.com and SEC.gov




    Disclosure: I owned
    Themes: Liquor
Back To BCInvestor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Liquor Group Wholesale (LIQR) relocated to a sprawling Brewery facility/climate controlled warehouses, encompassing 7-Acre / 235,000sf.
    Nov 2, 2010
  • Liquor Group Enjoys Another Profitable Year (LIQR) announced its unaudited results for the fiscal 2010 year, ending August 31, 2010.
    Sep 7, 2010
  • LIQR - Interesting play.
    Oct 21, 2009
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.