News

US: Mondavi confident in year-end targets

Most popular

Why whisky can no longer ignore flavour's allure

Why COVID has changed trade shows forever - focus

Anheuser-Busch InBev Performance Trends 2016-20

New standards, new dawn for Japanese whisky

How COVID has closed the digital gap - trends

MORE
The California winemaker Robert Mondavi Corp yesterday reaffirmed its belief that it would meet its end of year earnings per share targets, while it expects revenues to grow by some 5% on figures from the previous year.

Earnings per share are expected to be between US$1.80 and US$1.95 for the fiscal 2004.

Mondavi chief executive and president Gregory Evans addressed a Banc of America Securities conference in San Francisco and also said that the company expects an increase in gross margin in its fiscal year 2004 of between 300 and 350 basis points to a range of 41% to 42%.

However these targets compare to the low levels in 2003, which were hot by a wine glut that drove wine retail prices down.


Sectors: Wine

Related Content

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group in 2018 - The just-drinks Analyst

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group i...

Will 2018 be the year we solve the plastic problem? – Sustainability Spotlight

Will 2018 be the year we solve the plastic problem? – Sustainability Spotlight...

Treasury Wine Estates reveals US, Australian wineries sale

Treasury Wine Estates reveals US, Australian wineries sale ...

Focus - US: PepsiCo expects “challenging” H1

Focus - US: PepsiCo expects “challenging” H1...

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?