Revenue DeclineA 23.7% TTM revenue decline is a durable red flag for scale and market demand. Persistent top-line contraction can erode fixed-cost coverage, limit margin recovery, constrain reinvestment and weaken bargaining power with retailers and suppliers, making profitability improvements harder to sustain.
Argentina Currency & Market ExposureHeavy exposure to Argentina creates structural earnings volatility from currency depreciation and volatile domestic demand. Large FX moves compress local prices and translate into lower consolidated revenues and margins, reducing predictability of cash flows and complicating long-term planning and capital allocation.
Wine Segment WeaknessA significant EBITDA and margin deterioration in the wine business reflects structural demand softness and rising input costs. Persistent underperformance in this segment drags consolidated profitability, forces resource reallocation, and may require strategic repositioning or cost restructuring to restore acceptable returns.