{"id":41324,"date":"2022-09-26T10:53:27","date_gmt":"2022-09-26T10:53:27","guid":{"rendered":"https:\/\/www.grocerygazette.co.uk\/?p=41324"},"modified":"2022-09-26T11:58:29","modified_gmt":"2022-09-26T11:58:29","slug":"chapel-down-reports-growth","status":"publish","type":"post","link":"https:\/\/www.grocerygazette.co.uk\/2022\/09\/26\/chapel-down-reports-growth\/","title":{"rendered":"Chapel Down reports strong financial growth in half-year results"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nChapel Down has revealed its half-year results showing a strong financial performance and an increase in brand awareness for the leading English wine producer.<\/p>\n<p>Following a challenging harvest last year, traditional method sparkling wine performance saw a growth of 35% from H1 2021, offsetting the anticipated decline in still wine availability.<\/p>\n<p>The <a href=\"https:\/\/www.grocerygazette.co.uk\/?s=sparkling+wine\">sparkling wines category<\/a> also saw significant growth and now represents 72% of the company\u2019s wine sales by value, compared with 61% in Chapel Down\u2019s full year 2021 results.<\/p>\n<p>Additionally, net sales revenues rose by 4% to \u00a36.88million, up from \u00a36.61million in H1 2021.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.grocerygazette.co.uk\/subscribe-to-newsletter\/?utm_source=Article&amp;utm_medium=InStLink\" data-ol-has-click-handler=\"\"><strong>For the latest grocery news directly into your inbox,<br \/>\nsign up to Grocery Gazette\u2019s free daily newsletter here<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.chapeldown.com\/?gclid=CjwKCAjwm8WZBhBUEiwA178UnJVT_8XDf6LSwAWEb1UQkLXhDSz1KNCm49HZ7AWO6BEUZ7ImFCISOBoCWjwQAvD_BwE\" target=\"_blank\" rel=\"noopener\">England&#8217;s largest winemaker<\/a> also reported that average selling prices increased 21% as a result of food and drink inflation, with price increases hitting both still and sparkling wine in April 2022.<\/p>\n<p>However, the business found price increases had no impact on wine volume.<\/p>\n<p>As a result of a number of new partnerships, the results outlined that Chapel Down&#8217;s brand awareness continues to grow. Most notably becoming the &#8216;Official Sparkling Wine&#8217; of the England and Wales Cricket Board earlier this year.<\/p>\n<p>&#8220;Since the summer of 2021, we have been preparing for the impact of that year\u2019s challenging harvest and the resulting lower availability of still wines in 2022,&#8221; said chief executive officer of Chapel Down, Andrew Carter.<\/p>\n<p>He added: &#8220;The exceptional growth of sparkling wine sales, together with the price increases in April, with no adverse impact on volumes, has supported the 51% gross margin achieved in the period. With a strong first half delivered, we look to the remainder of the year with confidence.<\/p>\n<p>&#8220;Despite the evolving consumer backdrop, we continue to trade positively and expect to deliver net sales revenue growth and sustained margins for the full year.<\/p>\n<p>&#8220;This, together with our positive 2022 harvest, ensures we are on track to meet our target of doubling the size of the business by 2026.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading English wine producer Chapel Down has revealed its half-year results which showed a strong financial performance and an increase in brand awareness.<\/p>\n","protected":false},"author":50,"featured_media":41370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,3926,1,4869],"tags":[4990,10910,4206,1594,4059,816,2378,83,10909],"_links":{"self":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41324"}],"collection":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/comments?post=41324"}],"version-history":[{"count":17,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41324\/revisions"}],"predecessor-version":[{"id":41385,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/posts\/41324\/revisions\/41385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media\/41370"}],"wp:attachment":[{"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/media?parent=41324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/categories?post=41324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grocerygazette.co.uk\/wp-json\/wp\/v2\/tags?post=41324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}