Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol, today reported diluted earnings per share (EPS) on a reported basis of $0.20 for the quarter ended May 31, 2008 (first quarter 2009), compared with $0.13 for the prior year first quarter. First quarter 2009 diluted EPS on a comparable basis, which excludes acquisition-related integration costs, restructuring charges and unusual items, totaled $0.34 versus $0.21 for the prior year.
Continue reading ‘Constellation Brands reports Q1 fiscal 2009 results; Company reaffirms full-year guidance’
Archive for the 'USA' Category
Fortune Brands, Inc. (NYSE: FO) today updated its earnings outlook for the second quarter and full year 2008. Weakening consumer sentiment in the U.S., the ongoing correction in the U.S. housing market, and a large and unexpected Australian tax increase on ready-to-drink spirits products have together created a more challenging environment for the company’s products.
Continue reading ‘Fortune Brands updates earnings expectations’
The Pennsylvania Liquor Control Board will suspend special liquor orders on its Internet vendor portal for two months, starting Monday, to upgrade the system.
Continue reading ‘PA Liquor Control Board to upgrade special liquor order system’
Napa, California – White Rocket Wine Company is launching Geode, a new-generation, super-premium Chardonnay fusing timeless quality and contemporary style in a strikingly sophisticated package targeted to savvy young wine consumers. Geode is crafted from vineyards in Santa Barbara County, a classic growing region whose stellar Chardonnays are universally recognized for superior quality. With its warm, inviting label, aura of earthy energy and promise of rich, pure flavor, Geode beckons wine lovers to “discover the treasure within.”
Continue reading ‘White Rocket Wine Company “unearths a treasure in Geode for millennial generation Chardonnay drinkers”’
For instance, the real price (in 1988 prices) for the basket of the entire Top 100 list [for the U.S.] was $4,313 in 1988; $3,132 in 1993; $2,533 in 1999; and $2,421 in 2004. That is nearly a 44% decrease in prices from 1988 to 2004. At the same time, there was no significant change in the quality of the wines on the Top 100 list…
Continue reading ‘Wine price trends’
Lion Nathan has acquired the USA wine importer Cumulus Wine Inc. (CWI), a subsidiary of the New South Wales based Cumulus Group, establishing a new wine import company Lion Nathan USA Inc, thereby guaranteeing a platform for Lion Nathan’s Australian and New Zealand premium wine portfolio in the USA market.
Continue reading ‘Lion Nathan acquires US wine import company’
HB 429 increases number of shipments from out-of-state wineries to consumers.
Continue reading ‘Illinois wine shipments’
Don Sebastiani & Sons International Wine Negociant recently announced the release of a new luxury Napa Valley label, Pennywise. This year, the winery will release a Napa Valley Cabernet Sauvignon and a Napa Valley Petite Sirah; production on both wines is extremely limited. Pennywise will be marketed by the company’s The Other Guys division.
Continue reading ‘Don Sebastiani & Sons releases new luxury Napa Valley label’
Robert Gerald Mondavi was born in Hibbing, Minn., on June 18, 1913. His father, Cesare, and his mother, Rosa Grasso Mondavi, were natives of Sassoferrato, in the Marches region of Italy. Cesare first worked in iron mines, then opened a grocery store and saloon in Virginia, Minn., and finally became a grape buyer, traveling to California to buy fruit for his winemaking neighbors in Minnesota.
Continue reading ‘Robert Mondavi, dies at 94′
U.S. wineries take 14 medals at Europe’s prestigious wine competition
Continue reading ‘United States’ wineries strike gold in 2008 Concours Mondial de Bruxelles International Wine Competition’
…including alcoholic beverage (as pairings or ingredient).
Winner to showcase winning recipes among top chefs in Chicago
Continue reading ‘National Restaurant Association calls for entries for “Hot Chef” challenge on YouTube’
Fortune Brands, Inc. (NYSE: FO):
* Company Delivers Results within Targeted Earnings Range Despite Challenging U.S. Environment
* International Growth and Successful New Products Across Company Moderate Impact of U.S. Home Products Market
* Brand-Building Investments Support Sales Growth for Key Spirits and Golf Brands
Continue reading ‘Fortune Brands reports first quarter results’
- Net sales $472.7 million, +5.7% vs. year ago
- Diluted earnings per share $.83, +23.9% vs. year ago
- Adjusted diluted earnings per share $.84, +12.0% vs. year ago (see table)
- Total Moist Smokeless Tobacco net can volume +3.0% and premium +2.1% vs. year ago
- Moist Smokeless Tobacco category +7.1% vs. year ago (26 weeks ended Feb. 23, 2008)
- Ste. Michelle Wine Estates net sales +25.3% vs. year ago
Continue reading ‘UST posts strong first quarter 2008 results; reconfirms 2008 Guidance’
The Map Store Uses Computer Mapping and Internet Technology to Produce Groundbreaking New Wine Maps for the Oregon Wine Industry
Continue reading ‘New Oregon wine country maps detail vineyards, wineries In State’s winegrowing regions’
WASHINGTON: Women who drink wine are less likely to develop dementia over time, according to Swedish researchers.
Continue reading ‘Wine may protect against dementia’
Consumers’ concern comes as second anniversary of bilateral Trade Agreement brings no new action.
Continue reading ‘Poll shows majority of U.S. wine purchasers against misleading labels’
- Generates record free cash flow for fiscal 2008; company expects strong free cash flow for fiscal 2009
- Premium wine and spirits portfolios enhanced by acquisitions, sale of value wine brands
- Non-cash impairment charges reduce reported fiscal 2008 results
- Company provides fiscal 2009 outlook; projects comparable basis diluted EPS of $1.68 - $1.76 versus $1.44 for fiscal 2008
Continue reading ‘Constellation Brands reports fiscal 2008 results’