Robert
Mondavi’s profit warning is further evidence of slackening demand in the US.
Many expected the US winemaker’s double-digit sales growth to continue. But
the economic downturn and WTC attacks have caused Americans to travel less and
dine at home more often. While this may well increase off-trade sales, companies
such as Mondavi that rely heavily on the on-trade will see a continuous slide
in revenues.
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