Sales for all Stimson Lane brands rose by 14% in the second quarter, the company said, with growth spearheaded by a 25% increase for the company’s Chateau Ste. Michelle brand. “This was another strong quarter for us at Stimson Lane,” said the company’s president and CEO, Theodor P. Baseler. “We remain focused on building our core brands, improving product quality and implementing cost efficiencies and asset reductions.”
US: Earnings leap by 61% at Stimson Lane
The Washington State wine company, Stimson Lane Vineyards & Estates, reported a 61.4% increase in operating profits in the first half of 2002 to $12.2m. Sales revenues at the company rose by 8.3% in the first six months to $90.7m.
July 24, 2002