Earnings

Boston Beer Co. reported depletions eased 3% in the second quarter, shipments decreased 4.5%to 2.3 million barrels, and net revenue slipped 2.1% to $6.03 million, but net income advanced 8.8% to $58 million or $4.72 a share.   "As we expected, our second

LVMH Moët Hennessy Louis Vuitton said first-half revenue for its Wines & Spirits units eased 4%.  On an organic basis, Wines & Spirits revenue was down 3%.  Profit from recurring Wines & Spirits operations was down 9%. It was a good half-year for the Champagne business, which recorded an increase

Scheid Family Wines reports for the fiscal first quarter total revenues were $14.4 million, down $1.5 million, a decrease of 9%. The decrease was driven by the Company's cased goods sales which decreased 16%, from $13 million to $10.9 million, and was offset by an

Scheid Vineyards Inc. said its sales rose 6% in the fiscal year ended Feb. 28 to $59.3 million.   Despite the sales gain, the company booked a net loss of $2.228 million for the year.  A year earlier the company had recorded a profit of $14.2 million, or

Brown-Forman Corp. reports net income surged 36% to $207 million, or 43 cents a share as net sales for fiscal 2023, ended April 30, rose 8% to $4.2 billion(10% organic). Positive portfolio sales growth occurred across all geographic clusters and Travel Retail.  Woodford Reserve sales were up 29%

Treasury Wine Estates said inflation is squeezing demand for commercial-grade wine and driving up packaging costs.  TWE's stock immediately fell 8%. Conditions for commercial wine are particularly tought in Australia and the UK, the company said, adding it was beginning a review of its domestic supply chain. "

In a filing with the Securities & Exchange Commission, Fresh Vine Wine said it needs additional time to complete and review its Quarterly Report on form 10-Q because of a "recent transition in the Company's management, including its principal executive officer, principal financial officer and financial and

Molson Coors Beverage Co. reports sales increased 5.9% in the first quarter to $2.35 billion.  Net income was $72.5 million, or 33 cents a share, a 52% drop from 151.5 million, or 70 cents a share. The company nearly doubled its bottom line on an adjusted

Boston Beer Co. reports a net loss of $8.95 million in the first quarter, significantly wide than the $1.96 million loss a year earlier.  Sales fell to $410,000 from $430,000. The loss reflects a 6% decline in depletions from the prior year.  Truly Hard Seltzer, Angry

“The Group continued to improve its operating performance in 2022. During the year, we successfully created value by working on multiple fronts: intensifying international growth, continuing the value-over-volumes strategy, and completing the restructuring program, said Fahd Khadraoui, Chief Executive Officer of Marie Brizard Wine & Spirits, said:. The biggest contributors