Laura Cooper

And producers, distributors, retailers are trying to keep the cost increase as low as possible.

But the reality of the situation is they have to incur these costs of 15% to 30%.

So while the change in price could vary, it could be $2, it could be $5, it could be $10, $15.

It really depends on a lot of different factors.

But it is very clear that European wine for U.S.

consumers is expected to be more expensive.

So for the holidays, if you're picking up champagne or cava, just enjoy the prices while you can.

The wine we make, we sell from the farming company to the wineries.

Try to find a little...

More yellow ones.

The French diet, the paradox, has begun to intrigue foreign researchers.

There has been for years the belief by doctors in many countries that alcohol, in particular red wine, reduces the risk of heart disease.

Great to see you, Chip.

Great to see you, Chip.

So consumers are feeling really cautious. Many of the chief executives that were speaking on the earnings calls I listened to over the last couple of weeks said that they're seeing consumer softness, that they're being more judicious about how they spend their money.

So consumers are feeling really cautious. Many of the chief executives that were speaking on the earnings calls I listened to over the last couple of weeks said that they're seeing consumer softness, that they're being more judicious about how they spend their money.

That being said, some consumer groups are getting hit harder than others, but the general consumer sentiment is just largely not good.

That being said, some consumer groups are getting hit harder than others, but the general consumer sentiment is just largely not good.

Well, McDonald's reported its worst sales since the pandemic for established restaurants, and apparently middle and low income consumers are cutting their spending. So that's not great. Their chief executive said people are just being more judicious. That has echoed what I've heard in every single one of my beverage and tobacco calls.

Well, McDonald's reported its worst sales since the pandemic for established restaurants, and apparently middle and low income consumers are cutting their spending. So that's not great. Their chief executive said people are just being more judicious. That has echoed what I've heard in every single one of my beverage and tobacco calls.