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2023 “not in line” with forecasts so far for Viña Concha y Toro – results data

Olly Wehring
Last updated: 05/05/2023 at 12:00 AM
By Olly Wehring
5 May 2023
1 Min Read

Viña Concha y Toro has cited a reduction in wine consumption as one of the reasons for a tough start to 2023.


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Credit: Brett Jordan/Pexels
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First-quarter sales decline 8.4% to CLP163.17bn [US$203.2m] Volumes in three months to end of March drop 9.7% US down double digits in both value and volumes Viña Concha y Toro has cited a reduction in wine consumption as one of the reasons for a tough start to 2023. The wine group has posted an 8.4% fall in sales from the three months to the end of March. The decline marks an acceleration on the -4.5% showing from the closing quarter of last year, when Concha y Toro witnessed "changes in buying patterns in several markets due to the challenging global situation of higher inflat

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TAGGED:Concha y Toro
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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