Originally published January 24, 2008 at 12:00 AM | Page modified January 24, 2008 at 4:32 PM
PrintSte. Michelle Wine's profits leap
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...
Seattle Times business reporter
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.
Melissa Allison: 206-464-3312 or mallison@seattletimes.com
Copyright © 2008 The Seattle Times Company
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