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Ste. Michelle Wine Estates Sales Rise, But Profits Slide In First Half

August 01, 2019

Ste. Michelle Wine Estates saw net revenues increase 2.6% to $316 million in the six months through June, parent company Altria reported. The sales boost was driven by higher shipment volume-partially offset by an unfavorable product mix-as shipments climbed 5.2% to 3.9 million cases.