Originally published Friday, October 24, 2008 at 12:00 AM
Comments (0) 
E-mail article 
Print view
Ste. Michelle Wine profit up 28%
Ste. Michelle Wine Estates, the Woodinville-based wine unit of UST, said third-quarter net sales increased 21.2 percent to $99.8 million while operating profit surged 28 percent to $16.3 million.
Ste. Michelle Wine Estates, the Woodinville-based wine unit of UST, said third-quarter net sales increased 21.2 percent to $99.8 million while operating profit surged 28 percent to $16.3 million.
The company said growth "was driven by strong acclaim for several recently released wines, a new advertising campaign for Columbia Crest and improved distribution as a result of an expanded sales force."
Parent company UST's primary business, smokeless tobacco, saw quarterly sales decrease 5.2 percent to $364 million and operating profit decrease 8.6 percent to $195 million.
Citing ACNielsen figures, Ste. Michelle said its shipments grew 13.2 percent while overall shipments in the category increased only 2.4 percent.
Copyright © 2008 The Seattle Times Company
More Business & Technology headlines...
E-mail article 
Print view Share: 
Digg 
Newsvine
An 802.11n upgrade could make a big difference
Retailers opening doors on Thanksgiving Day
Google makes concessions on digital book deal
Critics want to block Comcast-NBC deal
Google submits revised book settlement
Opening day at Crystal Mountain
Skiers crowded the slopes at Crystal Mountain for one of the resort's earliest openings.
Video shows violent arrest by SPD
Fort Lewis Memorial
Highlights: Ken Auletta talks about "Googled"
Seattle International Cabaret Festival
Ken Auletta talks about "Googled"
Medal of Honor
Pelosi answers questions at Swedish Medical Center
Pelosi speaks at Swedish Medical Center
"Pistol" Pete Ryan
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- Homeless man, 46, arrested in Greenwood arsons
- KVI talk radio host off the air as of Thursday
- Steve Kelley | ESPN's Bill Simmons gets us: He hates Clay Bennett, too
- Police investigate videotaped arrest
- Seattle U. Men's Hoops | Big recruit goes from Huskies to Redhawks
- Mariners sign Jack Wilson to 2-year contract
- Razor found in muffin an accident, 'mortified' baker says
- Suspect's family shaken by slaying of police officer
- Mountlake Terrace woman reports razor in muffin
- Man says he will protest city's gun ban by carrying gun into community center
- Police investigate videotaped arrest 635
- OSU game thread 590
- Seattle man to pack a pistol into community center to protest mayor's ban 355
- GOP clueless as families struggle with health care 195
- Mariners sign Jack Wilson to 2-year contract 145
- NYC trial for 9/11 suspects poses risks 130
- Wright State game thread 97
- Band of advocates, activists now McGinn's likely insiders 94
- Licata looks at boosting traffic-ticket revenue 86
- Wilson "really, really excited to be back in Seattle" 80
- Light rail to airport to begin Dec. 19
- Homeless man, 46, arrested in Greenwood arsons
- Ivar's undersea billboards a hoax devised as marketing ploy
- Light rail to airport to begin Dec. 19
- Steve Kelley | ESPN's Bill Simmons gets us: He hates Clay Bennett, too
- An 802.11n upgrade could make a big difference
- KVI talk radio host off the air as of Thursday
- Washington in race for federal education funds
- Police investigate videotaped arrest
- Goodwill's Glitter Sale is Nov. 14-15
