- Sales from three months to end of June down 4.7% to CLP233.28bn (US$252.2m)
- H1 sales fall 6.2% to CLP425.9bn (US$460.4m)
- Wine volumes decline 1.8% in Q2, but US struggles easing
- Note: All figures are in reported terms, which includes currency fluctuations
Viña Concha y Toro posted its third successive quarterly sales decline in the three months to the end of June, but the company highlighted improving trading conditions in the US market.
The 4.7% fall represented an improvement on the company’s first quarter performance, when sales slumped by 7.8%, thanks to large-scale losses in the US. Wine volumes fell by 1.8% in the second quarter, following the 6.8% Q1 decline.
Concha y Toro’s results are presented in reported, rather than organic, terms; the company highlighted the 5% depreciation of the US dollar versus the Chilean peso over the past year, pointing out that, in US dollar terms, second quarter sales were essentially flat, rising by 0.2%.
Sales in the company’s ‘Export Markets’ – which excludes the US – fell by 4% in the three months to June (but were up 1% in US dollar terms). Latin America was up 14.9% thanks to robust growth in Brazil and Mexico, but Europe dipped by 8% amid double-digit volume declines, while Asia slumped by 31.1%, mainly because of declines in the UAE.
Concha y Toro’s struggles in the US continued, with Q2 sales down 13.9%, blamed on what the company described as “a transition in distribution”, and coming on top of a 32.2% fall in the first three months of the year.
There was an improvement in the Chilean market, where sales were essentially flat (up 0.5%), thanks to good performances from Casillero del Diablo, Cono Sur Bicicleta, Don Melchor and Amelia.
“The second quarter of 2026 reflected a meaningful improvement in our business performance compared with the figures seen at the beginning of the year,” said Viña Concha y Toro CEO Eduardo Guilisasti. “This was evident in the fact that, despite the appreciation of the Chilean peso, sales moderated their year-on-year decline to a mid-single digit in the second quarter.”
He added: “We expect this improving trend to continue in the following quarters, and we are confident that the second half of 2026 will show stronger results than 2025, despite the challenging global environment we face.”
In June, Concha y Toro announced the appointment of actor Orlando Bloom as the new brand ambassador for flagship wine line Casillero del Diablo, with an international campaign due to roll out in the coming months.
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