date:May 19, 2014
Gruppo Campari, the Italian parent of Kentucky-based Wild Turkey bourbon, reported this week that first-quarter profits fell by 47.4 percent, to about $28.3 million, with sales dropping 8.4 percent to about $394.3 million.
CEO Bob Kunze-Concewitz blamed the slump on weak sales in March after two strong months.
Specifically, the end of the quarter was affected by a slowdown in Russia due to a less dynamic market and tightened credit control, shipment phasing in the U.S., and the late Easter, wh