Constellation mulls its options as cheaper wines hit growth

Jan 9, 2019

(Decanter) - Weaker demand for wines priced below $11-a-bottle have proved a drag on Constellation Brands’ overall sales in the US and the company has indicated that it was working on a plan to put more resources into premium labels.

Constellation painted a picture of two US wine markets in its third-quarter results statement today (9 January).

Net wine sales rose by 0.4% for the three months, to $762.8 million.

Premium wine brands above $11-a-bottle, such as Meiomi, Kim Crawford and The Prisoner, have seen double-digit retail sales growth over the past year, said the Robert Mondavi wines owner. But brands priced below $11-a-bottle have struggled.

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