Canada's Diamond Estates Wines & Spirits Q2 revenue rises on Winery division strength

Diamond Estates Wines & Spirit

20/11/2025 13:00

Overview

Diamond Estates Q2 2026 revenue rises to CAD 8.5 mln, driven by Winery division sales

Adjusted EBITDA for Q2 2026 increases to CAD 1.8 mln, reflecting improved gross margins

Net income for Q2 2026 falls to nil due to non-operational and one-time items

Outlook

Company sees continued opportunity through strengthened portfolio and strategic retail investments

Result Drivers

WINERY SALES - Revenue growth driven by increased sales in grocery and big-box stores and changes to VQA support program

GROSS MARGIN IMPROVEMENT - Enhanced VQA and Wine Sector Support programs contributed to higher gross margin

AGENCY DIVISION IMPACT - Revenue decrease due to sale of Western Canada operations, partly offset by Perigon acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$8.5 mln
Q2 Adjusted EBITDA
C$1.8 mln
Q2 Gross Margin
69.80%


Press Release: ID:nNFC6x9ZJz

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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.)