Foster’s to Invest in Core and Luxury Brands

In Foster's first half earnings call with investors (covering the 6 months to December 31), Stephen Brauer, managing director of Foster's Americas, noted that consumer confidence is still lagging in the United States: "Confidence on Main Street trails the sentiment on Wall Street with high unemployment, high credit and a depressed housing market are the primary concerns with consumers." He noted that the US wine category "posted modest volume growth in the half driven by value wines, new to market