Beam’s Price Increases “Sticking” in H1
Beam Inc.'s second quarter and half year (six months ending June 30) results "exceeded expectations" on the back of strong demand for bourbon. As a result, the company raised its earnings growth target from high-single digits to low double-digit rate for the year. Sales in North America were particularly strong, up 8% in Q2 driven by premiumization and a return to growth in the on-premise in the US market.
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