Foster’s Sales Slide In North America

Foster's posted its slowest growth in first-half net profit in several years today at the hands of the U.S. wine slump and strong Aussie dollar. Volume of the Beringer California Collection grew 17.6%, with overall California wine up 11% in North America. Australian wine was down -8.7%. "We expect U.S. trading conditions to remain tough in the face of consumer economic anxiety," Scott Weiss said as reported by Reuters.In the company’s interim results presentation, Scott says retailers reduced merchandizing support