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Stockreport

How ‘Total Wine & More' Became Largest U.S. Wine Retailer [Forbes]

Costco Wholesale Corporation (COST)  More Company Research Source: Forbes
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Robert Trone and his brother, David, grew up working on a farm in Pennsylvania tending 50,000 chickens and 600 pigs. Their parents also owned a small gas station that sold beer. When the farm went bankrupt, all they were left with was the gas station. From that one small gas station, the brothers grew the business into a national empire which they named ‘ Total Wine & More.' Today they have 263 superstores and have recently become the largest alcohol retailer in the U.S., with revenues of $6 billion in 2023, surpassing Costco and Safeway/Albertsons in wine and spirits sales. The big question is how did they manage to do this? “The answer is relatively simple: when we open a store we do not open another one until the first becomes profitable….and we've never closed a store,” reported Robert Trone, co-owner of Total Wine & More , in a recent Zoom interview. So what's behind the profitability equation? It is an unrelenting focus on the customer, a strong investment in employees, [Read more]
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Stockreport

How ‘Total Wine & More' Became Largest U.S. Wine Retailer [Forbes]

Costco Wholesale Corporation  (COST) 
More Company Research Source: Forbes
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Robert Trone and his brother, David, grew up working on a farm in Pennsylvania tending 50,000 chickens and 600 pigs. Their parents also owned a small gas station that sold beer. When the farm went bankrupt, all they were left with was the gas station. From that one small gas station, the brothers grew the business into a national empire which they named ‘ Total Wine & More.' Today they have 263 superstores and have recently become the largest alcohol retailer in the U.S., with revenues of $6 billion in 2023, surpassing Costco and Safeway/Albertsons in wine and spirits sales. The big question is how did they manage to do this? “The answer is relatively simple: when we open a store we do not open another one until the first becomes profitable….and we've never closed a store,” reported Robert Trone, co-owner of Total Wine & More , in a recent Zoom interview. So what's behind the profitability equation? It is an unrelenting focus on the customer, a strong investment in employees, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS