Earnings

Fresh Vine Wine, Inc. said distributor depletions in the first quarter of 2023 improved by 58% from the same year ago quarter. In the first quarter of 2023, Fresh Vine added 2,037 new Points-of-Distribution, increasing its footprint by almost a third. Rick Nechio, Interim CEO, said, “The new year

Willamette Valley Vineyards Inc. reports  net sales revenues of $33.9 million for all of 2022, up 6.8% from $31.8 million a year earlier. Net loss was $646,492, substantially less than the $2,445,463, for 2021. Jim Bernau, Founder and CEO, said, "In 2022, we

Duckhorn Portfolio reports second quarter sales were $103.5 million, an increase of $3.8 million, or 4.8% from the year-earlier quarter.  Net income slipped less than a percentage point to $14.9 million, or 13 cents a share, from $17.9 million, or 16 cents a share. “Our

Brown-Forman Corp. reports net sales rose 4% to $1.1 billion (up 5% on an organic basis) from the like year-earlier quarter;  but earnings plunged 61% to $100 million from $259 million. Brown-Forman stepped up advertising in the quarter, with year-to-date advertising expense up 20% (24% organic) as it increased

Molson Coors Beverage Co. reports net sales rose 4.1% (7% constant currency) to $10.7 billion.  The company recorded a net loss of $175.3 million; a year earlier it posted a profit on $1 billion, or $4.62 a share.   It attributed the sales gain to positive net

Pernod Ricard reports sales for the first half of fiscal 2023 were 19% higher than the comparable year-earlier period (12% higher, organically).   The company said sales growth was broadbased across all regions.  In the Americas, sales rose 7% drive by the U.S. with favorable phasing, Brazil and Canada.  Asia-Rest

Marie Brizard Wine & Spirits reports full-year 2022 revenues rose 7.8%.  Growth was driven by international sales, which were up 11.7% in 2022 from a year earlier. The company noted that in the U.S., Sobieski sales fell.  The U.S. vodka market is "persistently competitive, with

Boston Beer Co. reports for all of 2022, net revenue rose 16% to $2.09 billion and net profit was $67.26 million, or $5.44 a share, more than 4.5 times the year-earlier net profit of $14.55 million, or $1.19 a share. Depletions decreased 5% and

Heineken N.V. reports for 2022 revenue grew 30.4% and net profit surges 30.7%. "Our premium portfolio continued to outperform, led by the excellent momentum of the Heineken® brand and further propelled by the roll-out of Heineken® Silver. We are innovating to expand our leadership positions in

Beam Suntory reports net sales rose 10.5% in 2022 from a year earlier and 24% from the pre-pandemic year of 2019.   Premium brands grew 15% in 2022, and now represent more than half of the company’s Full Bottle Spirits sales for the first time ever. Ready-to Drink (RTD)