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

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