News

USA: Beringer Wine Estates Chairman and CEO Makes Statement Following July 12 Trading Day

Most popular

What will be Pernod Ricard's priorities?

What are Diageo's priorities for the years ahead?

Pernod Ricard Performance Trends 2014-2018 - data

What's coming up in soft drinks in 2019?

MORE

After the close of NASDAQ market trading today the following statement was issued by Walt Klenz, Chairman and CEO of Beringer Wine Estates (Nasdaq:BERW - news): "We know of no marketplace issues which have led to the downward pricing pressure and unusually high volume of trading activity for our Company's stock over the past two trading days. As we stated during our third quarter conference call on May 4, the overall retail market for premium wines remains robust as measured by AC Nielsen, and our volumes continue to outperform the overall market. Increases in fourth quarter revenue for our Company continued at levels similar to our performance for the first 9 months. Additionally, we remain comfortable with the analyst consensus forecast of our earnings as published in First Call for the fourth quarter ending June 30 of $0.59 per share." Beringer Wine Estates will publish its fourth quarter and full fiscal year earnings report on August 3, and the Company will discuss the quarter, full year and fiscal 2001 outlook in detail during its conference call on that day.


Related Content

Treasury Wine Estates performance trends 2014-2018 - results data

Treasury Wine Estates performance trends 2014-2018 - results data...

Johnnie Walker, Smirnoff, M&A plans and seltzer success – Diageo in North America - Focus

Johnnie Walker, Smirnoff, M&A plans and seltzer success – Diageo in North America - Focus...

This week in spirits & wine, featuring Pernod Ricard's full-year results, Brown-Forman's Q1 numbers and William Grant's Cognac entry

This week in spirits & wine, featuring Pernod Ricard's full-year results, Brown-Forman's Q1 numbers ...

Treasury Wine Estates FY fiscal-2017 results - Preview

Treasury Wine Estates FY fiscal-2017 results - Preview...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?