December 18, 2017 12:46 PM ET

Beverages

Company Overview of Jose Cuervo, S.A. de C.V.

Company Overview

Jose Cuervo, S.A. de C.V. produces and markets tequila. The company is based in Mexico City, Mexico. Jose Cuervo, S.A. de C.V. operates as a subsidiary of Becle, S.A. De C.V.

Mexico City, DF 01210

Mexico

Phone:

8 00 837 8452

Key Executives for Jose Cuervo, S.A. de C.V.

Jose Cuervo, S.A. de C.V. does not have any Key Executives recorded.

Jose Cuervo, S.A. de C.V. Key Developments

Jose Cuervo, S.A. de C.V. Announces Consolidated Earnings Results for the Third Quarter and Year to Date of 2017

Jose Cuervo, S.A. de C.V. announced consolidated earnings results for the third quarter and year to date of 2017. For the quarter, the company reported that it generated 15.2% volume growth and 24.3% consolidated net sales growth to MXN 5.8 billion. EBITDA decreased 6.4% to MXN 1.2 billion, and as a percentage of net sales, decreased to 21.6% of net sales, as compared to 28.6% a year ago. In line to operating profit, EBITDA year-to-date increased by 15.4% versus a year ago, representing 29.0% of net sales. Net financial results this quarter were a benefit of MXN 114 million as during the quarter. Consolidated net income increased 13.1% to MXN 856 million, or $0.24 per share. For the year to date, the company reported that net sales are up 4% over the prior year and EBITDA is up 15%. Consolidated net income is up 17%.

Jose Cuervo Reportedly Mulls IPO

Jose Cuervo, S.A. de C.V. is planning a February 8, 2017, pricing for its long-delayed initial public offering (IPO), two sources familiar with the matter said. Jose Cuervo which put its IPO on hold late last year after the election of U.S. President Donald Trump weighed on Mexico's peso, is seeking to raise up to $1 billion, the people said.

Jose Cuervo Postpones IPO

Jose Cuervo, S.A. de C.V. has postponed the company's plans to list shares until next year, Reuters reported.

Similar Private Companies By Industry

Company Name Region
Autentica Tequilera S.A. de C.V. Americas
Autentico Tequila Alacrán Americas
Casa Cuervo SA de CV Americas
Cerveza Ruda Americas
Compañía Cervecera Hércules, S. A. de C.V. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Jose Cuervo, S.A. de C.V., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.