More on Drinking and the Economy
When the US first ran into all this economic trouble a few weeks back, I made a post about how one of the big industries that hasn't been hurt is the booze industry. Well today I came across another article in US News discussing that fine wine and vodka sales have been up in the past twelve months. From the article:
"Wine and spirit maker Constellation Brands may have posted a loss in its fiscal second-quarter profits, but the company also reported swift sales of vodka and premium wines.
Constellation, which holds the crown of world's largest wine producer, said net sales rose 7 percent in the quarter to $1.24 billion, mainly on the strength of its wine brands (including Wild Horse and Woodbridge by Robert Mondavi) and spirits (big gains were had by brands including Svedka Vodka and 99 Schnapps)."
I can't stress it enough. When times get rough, America drinks. End of story.
"Wine and spirit maker Constellation Brands may have posted a loss in its fiscal second-quarter profits, but the company also reported swift sales of vodka and premium wines.
Constellation, which holds the crown of world's largest wine producer, said net sales rose 7 percent in the quarter to $1.24 billion, mainly on the strength of its wine brands (including Wild Horse and Woodbridge by Robert Mondavi) and spirits (big gains were had by brands including Svedka Vodka and 99 Schnapps)."
I can't stress it enough. When times get rough, America drinks. End of story.
posted by My Wine News | 2:33 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home