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Sales Growth Fell in 2020 but Premium Wineries Maintained Profitability

January 13, 2021

Premium wineries saw sales growth decline an average 7.1 percent in the first half of 2020 while cost-cutting created enough relief for them to turn a small profit. The data was released in Silicon Valley Bank's 2021 State of the Wine Industry Report. Rob McMillan will be discussing the annual report during a live videocast this morning.