"We are pleased with the progress we made during the quarter on improving
the margins of our core brands, while growing shipments 10%," said the
company’s president and CEO, R. Michael Mondavi.
USA: Mondavi profits up, but warns of future losses
The Robert Mondavi Corporation has reported a 19% rise in sales and a 17% rise in profit for the third fiscal quarter. "We are pleased with the progress we made during the quarter on improving the margins of our core brands, while growing shipments 10%," said the company's president and CEO, R. Michael Mondavi.