Canada's Diamond Estates Q3 revenue rises 28% on winery division growth

Diamond Estates Wines & Spirit

26/02/2026 05:33

Overview

Canada wine producer's Q3 2026 revenue rose to C$8.2 mln, driven by Winery division growth

Net income turned to a loss of C$0.1 mln from C$0.5 mln profit in Q3 2025

Company resolved regulatory compliance issue with nominal cost, enhancing internal controls

Outlook

Company sees positive growth prospects for domestic and import beverage alcohol markets in Canada

Diamond Estates expanding export focus beyond China to reduce reliance on single marketplace

Company investing in winemaking, marketing, and infrastructure to support efficient growth

Result Drivers

WINERY DIVISION GROWTH - Revenue increase driven by growth in grocery, convenience, and big-box channels, as well as enhancements to the VQA Support Program

GROSS MARGIN IMPROVEMENT - Gross margin increased due to improved Winery division performance and government support programs

NET INCOME DECLINE - Net income turned to a loss due to non-operational items impacting EBITDA, including compliance-related expenditures

Company press release: ID:nNFC4PNMQj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$8.20 mln
C$7.10 mln (1 Analyst)
Q3 Net Income
-C$100,000
Q3 Adjusted EBITDA
C$700,000
Q3 Gross Margin
59.80%
Q3 EBITDA
C$700,000


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the distillers & wineries peer group is "buy."

Wall Street's median 12-month price target for Diamond Estates Wines & Spirit Inc is C$0.30, about 53.8% above its February 25 closing price of C$0.20

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)