Ste. Michelle’s Revenues Climb 9.4% in Q2

Dear Client: Ste. Michelle Wine Estates saw net revenues climb 9.4% in the second quarter ending June 30 (Apr-May-June) and 8% in the first half, according to parent company Altria. This was "primarily due to higher premium shipment volume" as the company "continued to focus on improving its mix with higher margin premium products. Ste. Michelle's reported wine shipment volume "benefited from higher off- and on-premise channel premium volume," but was "partially offset by changes in trade inventories," said the