Last year was a good year for Ste. Michelle Wine Estates in Woodinville, whose operating profit rose 36 percent to $59.9 million on net sales...
Last year was a good year for Ste. Michelle Wine Estates in Woodinville, whose operating profit rose 36 percent to $59.9 million on net sales of $354 million.
For the fourth quarter, operating profit grew 49 percent to $24.8 million, according to a regulatory filing by its Connecticut-based parent company, UST.
Ste. Michelle said the growth came from its major brands, particularly Chateau Ste. Michelle, Antinori, Erath and the recently acquired Stag’s Leap Wine Cellars.
“With top-rated wineries and powerful brands, Ste. Michelle Wine Estates remains the fastest growing top-10 wine company in the United States,” Ste. Michelle President Ted Baseler said in the filing.
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