Labatt president forecasts tough competition in Canada. (John Labatt Ltd. President and CEO George Taylor; Canada's brewing industry)

From: Modern Brewery Age | Date: September 20, 1993 | Copyright information

John Labatt Ltd.'s president warned that the company's profit for the rest of this fiscal year won't match the strong earnings growth seen in the first quarter.

George Taylor, Labatt's president and chief executive, said after the company's annual meeting that expected increased competition from U.S. brewers, following the resolution of the U.S./Canada trade dispute, will keep a lid on profits this year.

Taylor said "it would be very difficult to maintain the rate of change" seen in the company's profit in the fiscal first quarter, when net income from continuing ...

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