Champagne Drives Moët Hennessy’s Full-Year Sales To $7.7 Billion

Moët Hennessy has posted sales up 11% organically to approximately $7.7 billion for its full fiscal year ended in December, as profit from recurring operations rose 16% to $2.3 billion. The luxury giant’s Champagne volumes climbed 6% for the year, with the company noting “sustained demand leading to growing pressure on supplies.” Overall, Moët Hennessy’s Champagnes & Wines revenue jumped 24% for the year. Chateau d’Esclans rosé also contributed to gains, and was joined in the wine stable by California’s Joseph Phelps Vineyard, which the group acquired last summer.

Hennessy Cognac, meanwhile, was affected by logistical disruptions in the U.S. at the start of the year, but ultimately benefited from its focus on value over volume over the course of 2022, driving a 14% revenue increase in Moët Hennessy’s Cognac & Spirits segment. Glenmorangie and Ardbeg single malt Scotch whiskies as well as Belvedere vodka were also on the rise.—Daniel Marsteller

Tagged : Ardbeg, Belvedere, Moet Hennessy

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