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How Much Did Wineries Really Make in 2018?!

June 24, 2019

Because of US tax reform and added discretionary income in the pockets of consumers, wineries ended up having an improved 2018, with sales growth rising to 5.3% compared to 3.1% in the prior year. It's not growth in the teens as we've seen as recently as 2014, but it's better growth than the prior period. Gross margin started to have a more obvious DtC impacted result starting in 2013 but was flat in 2018. On the cost side, winery owners have seen labor availability and grape costs escalate ...