Canadian wine producer Andrew Peller's Q2 net earnings double, gross margin up

Andrew Peller

04/11/2025 22:15

Overview

Andrew Peller reported Q2 revenue of C$105.5 mln, beating analysts' expectations

Net earnings for Q2 rise to C$8.9 mln from C$4.6 mln

Gross margin increased to 45.7% from 42.4% due to cost savings and support programs

Outlook

Company aims to grow market share in core wine businesses

Company plans to expand in high-growth product segments in Ontario

Result Drivers

LCBO STRIKE IMPACT - Revenue decrease in Q2 2026 due to prior year's LCBO strike boosting sales

COST SAVINGS - Improved gross margin driven by lower glass bottle and freight costs

SUPPORT PROGRAM - Ontario Grape Support Program contributed to margin improvement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$105.50 mln
C$103.80 mln (1 Analyst)
Q2 Net Income
C$8.90 mln
Q2 Gross Margin
45.70%
Q2 EBITA
C$21.30 mln


Press Release: ID:nGNX9SDJQl

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)