Tag Archive: Ste. Michelle Wine Estates
News Briefs for August 6, 2020
•Ste. Michelle Wine Estates has launched H3, formerly part of Columbia Crest, as a standalone brand. Continue reading →
Posted in News on August 6, 2020Ste. Michelle’s Revenues Slip As Company Aims For Strategic Reset
Ste. Michelle Wine Estates saw first half revenues decline 12% to $277 million as the company battled Covid-19 and looked to reorient its business on stronger footing. Continue reading →
Posted in News on July 29, 2020Interview, Part 1: Jim Mortensen, President And CEO, Ste. Michelle Wine Estates
In its first quarter results released last week, Ste. Michelle Wine Estates parent company Altria recorded pre-tax charges of $392 million on Ste. Michelle’s operations—including a $292 million wine inventory write-off and $100 million for losses on future non-cancellable grape purchases. Continue reading →
Posted in News on May 4, 2020Ste. Michelle Posts Sales Down 3.3%, Takes Write-Off On Inventory, Grape Purchases
Ste. Michelle Wine Estates saw sales decline 3.3% to $146 million in its fiscal first quarter ended in March, as on-premise restrictions due to the Covid-19 crisis cut into the business. Continue reading →
Posted in News on April 30, 2020Ste. Michelle Posts Flat Sales, Looks To Innovation To Spur Growth
Washington state-based Ste. Michelle Wine Estates saw net revenues slip 0.3% to $689 million in its full fiscal year 2019, with adjusted operating income down nearly 30% to $73 million. Continue reading →
Posted in News on January 31, 2020News Briefs for January 6, 2020
•Austin, Texas-based Milestone Brands has announced a new joint venture with Mexico’s Grupo PSA to bring Campo Bravo, a 100% agave Tequila, to the U.S. Continue reading →
Posted in News on January 6, 2020
