Charlie's extends range of drinks in Aussie supermarkets

Friday 14th January 2011

Beverage company Charlie's Group is extending the range of drinks it supplies to one of Australia's largest supermarket chains.

Charlie's today said it was extending its product range by 60% to include a wider range of drinks.

The initial deal for Charlie's to supply its premium beverage products to 750 Coles stores was announced three months ago.

"We're delighted that our relationship with Coles has proven to be so successful in such a short time," Charlie's chief executive Stefan Lepionka said.

Charlie's said it remained comfortable with guidance given in November for sales of around $21 million in the six months to the end of December 2010. Earnings before interest, tax, depreciation and amortisation were expected to be $2m and net profit after tax about $1m.

The company's fruit supply was not significantly affected by flooding in Queensland, Lepionka said.

Most of Charlie's fruit was sourced from South Australia, and while it used a small amount of mango from Queensland it did not envisage any problems in maintaining supply and production levels.

NZPA

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