GAAP diluted EPS $.87, +4.8% vs. year ago - Adjusted non-GAAP diluted EPS $.90, +8.4% vs. year ago (see table) - Higher than projected premium MST net can sales growth, +1.5% vs. year ago - Strong MST category growth continues, +7.2% vs. year ago (26 weeks ended June 16, 2007) - USSTC’s MST category share stabilizing - Wine posts net sales +28% and operating profit +20% vs. year ago - Project Momentum three-year cost reduction target increased by $50 million to $150+ million - Total year 2007 GAAP diluted EPS target at $3.21, adjusted non-GAAP diluted EPS target raised $.03 to $3.35
UST Inc. (NYSE: UST) recently reported that the company continued to gain momentum in all aspects of its business in the second quarter 2007, resulting in significantly better than expected financial results.
Continue reading ‘UST reports second quarter 2007 results; raises guidance on strong fundamentals’
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €7.4 billion in the first half of 2007, reflecting organic growth of 12%. All business groups enjoyed double-digit organic revenue growth. Performance was particularly good in Europe, the United States and Asia.
Continue reading ‘LVMH delivers results for the first half of 2007 - Organic revenue grows 12% - Operating profit up 11%’
Export strategy of the German Wine Institute favors value over volume | Spätburgunder (Pinot Noir) follows Riesling in export markets | New markets on the export horizon: Poland, Switzerland and Ireland
Continue reading ‘New Export markets for German wines’
Fine Wine (publishers of Fine Wine magazine) have launched a new web site where people and companies can post their videos on relevant subjects. The site is open for professional and personal use. In their press communiqué Fine Wine stated: “we think it natural that people interested in wine would wish to post their videos in one place where those most interested would be likely to watch them. The site is open for companies to post their advertisements if they wish or tours of their vineyard, interviews or any other relevant matter. The site can be seen at DrinksVideo.com
Craig Rous of Bear Creek Winery in Lodi has beenonfirmed as president of the 2007-2008 American Society for Enology and
Viticulture’s (ASEV) board of directors. Rous will lead the 12-member board and build on the successes of Patricia Howe, the immediate past president. Michael Silacci of Opus One was also confirmed by the board to move to First Vice President.
Continue reading ‘Rous heads new ASEV Board’
The results of the 7th edition of the Muscats du Monde® international wine competition, has been just announced.
Over the course of two days, international experts tasted more than 200 Muscats wines from all over the world. The 2007 awards list from Muscat du Monde® is an opportunity to discover the incomparable palette of aromas that Muscat wines can display.
Continue reading ‘Winning Wines from Muscats du Monde 2007: An Extraordinary Diversity of Aromas’
The Deutsche Weinakademie recently invited journalists to a very special seminar in Hamburg: the reason for that was the recent publication of the book “Sensi diVini – the wine tasting happens in the brain”, published by Dr. Benigna Mallebrein and Prof. Dr. Jürgen K. Mai. This book does not focus on the technique and art of wine tasting but explains the neurological background of taste in an easy and refreshing manner.
Continue reading ‘Wine & Health: book Sensi di Vini’
Implications of global climate change, securing future water supplies, new wine styles and how to better understand ‘Generation Y’ consumers are just some of the challenging topics to be discussed during a major
four-day wine industry conference, starting this Sunday in Adelaide.
Continue reading ‘Major wine conference begins in Adelaide Sunday 29th July’
* Solid revenue performance
* Improved product mix
Vranken-Pommery Monopole, a leading champagne group, today released its revenue figures for the first half of 2007.
Continue reading ‘Vranken-Pommery Monopole: first-half 2007 Revenue’
The City of Cape Town and the Cape Winelands District Municipality have been successful in their joint bid to host the next Annual General Meeting of the Great Wine Capitals Global Network in 2008.
Continue reading ‘Cape to host global wine network’
A review of the Australian wine sector’s national bodies is currently being conducted for the benefit of all Australia’s winemakers and grapegrowers.
Continue reading ‘Australia: review of wine sector’s national bodies’
Viña Ventisquero is the first winery in Chile with a certification to offset its CO2 emissions. The company has teamed up with UK-based ‘Climate Care’, specialists in reducing greenhouse gas emissions on behalf of companies and individuals.
Continue reading ‘Viña Ventisquero - first winery in Chile to officially offset CO2′
The Winemakers’ Federation of Australia’s intervention in a landmark legal case has resulted in additional protection for all companies exporting to the United Kingdom via commercial agents.
Continue reading ‘Exporters to the UK saved from excessive agent compensation claims’
The U.S.-Korea Free Trade Agreement (KORUS FTA), now awaiting Congressional approval, will provide America’s farmers, ranchers, food processors, and the businesses they support with improved access to the Republic of Korea’s 49 million consumers. If approved, this would be the most economically significant trade agreement for the U.S. agricultural sector since the North American Free Trade Agreement.
Continue reading ‘US - Korea Free Trade Agreement’
Eating Out Is In for tourists and locals in Israel
An expanding tourism industry and domestic consumers who enjoy dining out are good news for U.S. exporters, who sold $376 million worth of food and agricultural products to Israel in calendar 2006.
Continue reading ‘US exports to Israel — habits, competitors and trends’
Herbwalk Inc., the leader in antioxidant wine therapy skin care, announces the unveiling of Le Vin™, the first wine therapy face care line combining cosmeceuticals and organic ingredients at Cosmoprof North America in Las Vegas on July 15, 2007. By using high concentrations of peptides and organic herbal extracts, Le Vin™ is the first organics-based skin care line to deliver physician-grade results.
Continue reading ‘First wine therapy skin care line combining cosmeceuticals and organic ingredients to unveil at Cosmoprof’
Since the repeal of Prohibition in the 1930’s, each state has developed its own system of alcohol beverage laws. Just as the laws regulating hours of sale and distribution outlets vary by state, so do the laws governing direct-to-consumer shipments. You can review these regulations and laws on direct interstate wine shipment by going to the Wine Institute direct shipping map.
Continue reading ‘Direct wine shipments — USA’
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