Tag Archive: Ste. Michelle Wine Estates
Ste. 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, 2020Ste. Michelle Unveils New Innovation Hub, Elicit Wine Project
Ste. Michelle Wine Estates plans to leverage innovation to boost growth moving forward with the opening of a new innovation and brand incubation hub called the Elicit Wine Project. Continue reading →
Posted in News on December 3, 2019News Briefs for October 31, 2019
•Ste. Michelle Wine Estates posted net revenue down 1.2% to $483 million for the nine months through September, representing the first three quarters of its fiscal year, as operating income fell 32% to $50 million. Continue reading →
Posted in News on October 31, 2019Oregon Wine Continues Its Ascent, Driven By Pinot Noir
Oregon wine continues to gain traction in the U.S. market, with both local players and more recent arrivals making gains at premium and above price points. Continue reading →
Posted in News on September 23, 2019
