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US slowdown for Viña Concha y Toro but sales stay black – results data

Olly Wehring
Last updated: 06/11/2024 at 11:14 AM
By Olly Wehring
6 November 2024
3 Min Read

‘The US experienced a significant slowdown against our first half of the year due to intense competition in the alcohol sector.’


Concha y Toro logo and wine cellar
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Three-month sales to end of September climb 9% (in reported terms) to CLP232.2bn (US$243m)Quarterly performance represents slowing growth from H1's +21.6%For first nine months of 2024, top line jumps 16.9% (reported) to CLP675.72bnViña Concha y Toro has posted a decelerating growth rate from its most recent quarter, although the group's top line was still up by almost double digits.The Chile-headquartered wine company saw sales in the three months to the end of September increase by 9% on the corresponding period a year ago, noting "intense competition" in the US throughout the quarter. Comin

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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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