Global wine slump worsens with another Chapter 11 bankruptcy [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: Yahoo! Finance
"Global wine consumption has dropped sharply over the past seven years, according to a recent report from Gordon Brothers, with worldwide demand falling from 245 million hectoliters in 2017 to 214.2 million hectoliters in 2024," Vinteur reported. This marks the lowest level of wine consumption since 1961. "The United States, one of the world's largest wine markets, is experiencing a similar trend. U.S. wine consumption is projected to decline by 7.2% in volume and 6.3% in sales by the end of 2024, continuing a four-year streak of falling sales," the data show. In 2026, there has been a recovery, but it has created a sort of split market, according to Silicon Valley Bank's State of the U.S. Wine Industry 2026 "Wineries in the top quartile reported 8% sales growth and 11.9% operating income , while the bottom quartile saw a 10.2% sales decline and -10.5% operating margin . These results reflect fundamental differences in how they are repositioning in response to demand," the SV
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News
- Analysis: Warsh emerges from a difficult hearing with his Fed ‘regime-change' plan intact [CNBC]CNBC
- First Citizens Appoints New Executive Vice President for its South RegionPR Newswire
- Houston's wine market loses $67 million as alcohol consumption drops to 90-year low [Yahoo! Finance]Yahoo! Finance
- Why The Crash Was Delayed [zero hedge]zero hedge
- First Citizens BancShares (FCNCA) had its "outperform" rating reaffirmed by Citigroup Inc..MarketBeat
FCNCA
Earnings
- 1/23/26 - Beat
FCNCA
Sec Filings
- 4/16/26 - Form 4
- 4/14/26 - Form 4
- 4/8/26 - Form SCHEDULE
- FCNCA's page on the SEC website