Brown-Forman Corporation (NYSE:BFB) reported diluted earnings per share from continuing operations for its first quarter ended July 31, 2006 of $0.76, up 6% from the $0.71 earned in the same prior year period.(1) Prior year earnings benefited from a $0.07 per share gain related to the termination of distribution rights to third party agency brands. Excluding this gain and a $0.05 per share quarter-over-quarter benefit of foreign exchange, earnings per share grew 11%. Volume growth and margin improvement for the company’s premium global portfolio, led by Jack Daniel’s Tennessee Whiskey, drove results in the period. Nearly every brand in the company’s portfolio recorded gross profit gains in the quarter, also contributing to earnings improvement.
Continue reading ‘Brown-Forman Reports Strong Earnings for the First Quarter’
Archive for August, 2006
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Enotria Winecellars is delighted to announce the appointment of Simon Treanor as their new On Trade Sales Director. This new board level appointment will give Simon overall control of Enotria’s on trade sales team which currently numbers 27 organised in three sales areas: London, South UK and North UK. Simon was previously UK Sales Director for Carlsberg UK, and he has a proven track record of sales success in previous roles at Bass, Holsten and Carlsberg.
Continue reading ‘Enotria appoints new On Trade Sales Director’
Vintage Wine Trust Inc., a real estate investment trust focused exclusively on the wine and vineyard industry, recently announced that it has acquired the Sweetwater Vineyard from Silverado Premium Properties, LLC. The seller, Silverado Sweetwater Vineyards, LLC, will lease the vineyard for seven years, with terms that include three five-year renewal options and an annual option to repurchase the vineyard beginning in the seventh year of the lease term and continuing through 2021.
Continue reading ‘Vintage Wine Trust acquires Sweetwater Vineyard’
Revenues for the second quarter of 2006 totaled $1.5 million, compared
to $0.8 million for the second quarter of 2005. This increase was
attributable to increased sales of bulk wine, and revenues generated by the
Company’s new winery, which began operations in September of 2005. The net loss for the three months ended June 30, 2006 was $1.4 million ($1.37 per share), compared to a net loss of $301,000 ($0.29 per share) in 2005.
Continue reading ‘Scheid Vineyards Inc. Reports Second Quarter Results and Announces Stock Repurchase Program’
This spectacular 168 acre estate is near the historic town of Paso Robles in the heart of the Central Coast wine region. It boasts a four bedroom, seven bath, Spanish style home, surrounded by 110 acres of Cabernet Sauvignon, Merlot, and Syrah grapes. The grape varietals, planted between 1991 and 1997, produce approximately 600 tons annually. The property includes a 528 sq ft modular office building, a 3,280 sq ft shop, and a 1,160 sq ft 2 bedroom Foreman’s home.
Continue reading ‘Meeker Estate Vineyards for sale’
The flesh of grapes is just as heart healthy as the skin, says a laboratory study by Italian and US researchers, a result that may challenge the idea that red wine offers better cardiovascular protection than white.
Continue reading ‘White grapes just as heart healthy as red?’
The Alcohol and Tobacco Tax and Trade Bureau (TTB) published three final rules in the Federal Register establishing nine new viticultural areas. Treasury Decision TTB-50 establishes seven new viticultural areas within the boundary of the existing Lodi viticultural area, which lies within southern Sacramento and northern San Joaquin Counties in California. The seven new areas are Alta Mesa, Borden Ranch, Clements Hills, Cosumnes River, Jahant, Mokelumne River, and Sloughhouse. Treasury Decision TTB-51 establishes the Eola-Amity Hills viticultural area in Oregon. The viticultural area is entirely within the existing Willamette Valley viticultural area and encompasses roughly 37,900 acres within Polk and Yamhill Counties. Treasury Decision TTB-52 establishes the 2,090-acre Saddle Rock-Malibu viticultural area in Los Angeles County, California.
Continue reading ‘TTB announces establishment of nine viticultural areas’
Figures confirm the trend of Spanish wine exports over recent years, with a growing focus on quality products.
Continue reading ‘US and Canada lead growth of Spanish wine sales abroad’
Results from the 2006 Royal Melbourne Wine Show are in, announcing Shingleback Winery as the winner of the prestigious Jimmy Watson Memorial Trophy. The Shingleback 2005 D Block Reserve Cabernet Sauvignon, sourced from the Davey Family Estate Vineyard in the McLaren Vale, triumphed over nearly 1,000 entries. Awarded to the producer of the best one-year-old red wine, the Jimmy Watson Trophy is the most coveted wine award in Australia.
Continue reading ‘Shingleback Winery Receives Australia’s Most Coveted Wine Award, the Jimmy Watson Memorial Trophy’
A debate in July hosted by the International Wine and Spirit Competition, looked at the implications of increasing alcohol levels in wines, not only from the ‘new world ’, but increasingly from European countries. The debate was sparked by a number of articles featuring the rising alcohol levels in table wines, and in turn a large number of wines entered into the competition with alcohol levels above 14%.
Continue reading ‘Rising alcohol levels in wine a cause for concern?’
The John Platter SA Wine Guide has announced 25 five-star wines to be featured in the upcoming 2007 edition, the highest number since the reference book was first published in 1980.
The announcement is the culmination of several months of intensive tasting, by an internationally experienced team, of nearly 6 000 individual wines. These were sampled and ranked according to the guide’s five-point scale, which ranges from 0 stars (’Somewhat less than ordinary’) up to 5 stars (’Superlative. A Cape classic’).
Continue reading ‘John Platter SA Wine Guide announces 25 five-star wines for 2007′
Underage alcohol consumption is a very serious issue and the California wine industry fully supports strict compliance with state and federal laws prohibiting sales to minors by on-line retailers as well as by bricks and mortar establishments licensed to sell the industry’s products.
Continue reading ‘Wine Institute Statement on WSWA Survey’
Wine consumption in South Korea is set to reach record levels this year, as consumers learn of the grape beverage’s health benefits, suggests a new report.
Imports of wine are expected to reach US$80 million in 2006, well ahead of last year’s record US$68 million, according to data gathered by the US agricultural attaché in the country.
Continue reading ‘Korea’s wine imports surge in first half’
Pernod Ricard USA has announced that Stephen Brauer, a 19-year veteran of the U.S. fine wine industry, has been appointed Vice President and General Manager, Pernod Ricard USA Wines, effective August 14, 2006. He will report to Alain Barbet, President/CEO Pernod Ricard USA.
Continue reading ‘Pernod Ricard USA Names Stephen Brauer VP/GM Wines’
The night between Saturday July 22nd and Sunday 23rd, their complete collection of Bordeaux wines was stolen. The collection consisted of wine bottles from the six Grand Cru chateaux: Château Lafite Rothschild, Château Mouton Rothschild, Château Latour, Château Margaux, Château Haut Brion and Château d’Yquem. Altogether the collection consisted of over 600 bottles of wine, almost every vintage from the 20th Century. The collection has been registered in the Guiness Book of Records for years, as the most unique wine collection in the world
Continue reading ‘The most unique wine collection in the world stolen from Ulriksdals Wärdshus in Solna, Sweden’
Willamette Valley Vineyards, Inc. (Nasdaq: WVVI), net income for the three and six months ended June 30, 2006 was $259,206 and $616,500, or $0.05 and $0.13 per diluted share, respectively, compared to net income of $275,520 and $364,279, or $0.06 and $0.08 per diluted share, respectively, in the comparable prior year periods. Revenues decreased 2% and Net Income before taxes decreased 6% for the three months ended June 30, 2006, as compared to the prior year period. For the six months ended June 30, 2006 revenues increased 21% and Net Income before taxes increased 69%, as compared to the prior year period.
Continue reading ‘Willamette Valley Vineyards Posts Profit for the Quarter Ended June 30, 2006′
Scientists in Australia will harness the sensory ability of insects and worms to improve the electronic noses used by the food and beverage industry, particularly in the wine industry.
Continue reading ‘Worms’ noses hired to benefit wine industry’
German Wine Institute (Deutsches Weininstitut - DWI) Plans Comprehensive Package for 2007.
It was agreed that the DWI will retain its 12 foreign offices in North America, Europe and Asia. More than 70% of the budget for export marketing will be invested in the four largest markets, i.e. Great Britain, USA, The Netherlands and Japan.
Continue reading ‘Successful Marketing of German Wine in Export Markets’
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