Top Shelf International Holdings Ltd. (AU:TSI) has released an update.
Top Shelf International Holdings Ltd. has reported strong consumer response and improved financial performance in Q3 FY24, with significant growth following the successful launch of Act of Treason Australian Agave. The company has seen a 28% increase in gross margin and a 54% improvement in underlying EBITDA compared to the previous period, while also investing in product development and securing a $5.0 million sale and leaseback deal for their agave farmland assets. Top Shelf’s product line, including NED Whisky and Grainshaker Vodka, continues to perform well against competitors, with plans for further expansion in FY25.
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