Brief: Vintage Wine Estates Provides Updated Fiscal 2023 Unaudited Preliminary Results And Timing For Reporting

Vintage Wine Estates

27/09/2023 23:23

Sept 27 (Reuters) - Vintage Wine Estates Inc  VWE.O :
    * VINTAGE WINE ESTATES PROVIDES UPDATED FISCAL 2023
UNAUDITED
PRELIMINARY RESULTS AND TIMING FOR REPORTING
    * VINTAGE WINE ESTATES INC - EXPECTS TO FILE AMENDED 10-QS
AND
FISCAL 2023 10-K, INCLUDING REVISIONS TO FISCAL 2022, AS SOON AS
PRACTICAL
    * VINTAGE WINE ESTATES INC - SEEKING COVENANT RELIEF
AMENDMENT TO
CREDIT AGREEMENT PRIOR TO REPORTING FISCAL 2023 RESULTS
    * VINTAGE WINE ESTATES INC - CONFIRMS SETH KAUFMAN TO JOIN
COMPANY
ON OCTOBER 30, 2023 AS PRESIDENT AND CEO
    * VINTAGE WINE ESTATES INC - REFINES FISCAL 2023 REVENUE
EXPECTATIONS FROM $290 MILLION TO APPROXIMATELY $280 MILLION
WITH GROSS MARGIN OF APPROXIMATELY 30%
    * VINTAGE WINE ESTATES INC - REAFFIRMS PRELIMINARY
EXPECTATIONS
FOR FISCAL 2024
    * VINTAGE WINE ESTATES INC - REASSESSMENT OF TECHNICAL
ACCOUNTING
MATTERS LEADS TO RESTATEMENT OF FISCAL 2023 INTERIM QUARTERLY
PERIODS
    * VINTAGE WINE ESTATES INC - REQUIRES MORE TIME TO COMPLETE
YEAR-END FILING
    * VINTAGE WINE ESTATES INC - IT WILL RESTATE ITS PREVIOUSLY
ISSUED
CONSOLIDATED FINANCIAL STATEMENTS FOR FIRST, SECOND AND THIRD
QUARTERS OF FISCAL 2023
    * VINTAGE WINE ESTATES INC - CONTINUE TO WORK ON OUR
FIVE-POINT
PLAN TO ADVANCE THROUGH TRANSITION PERIOD OF FISCAL 2024
    * VINTAGE WINE ESTATES INC - SEEKING TO COMPLETE CREDIT
AGREEMENT
AMENDMENTS WITHIN NEXT TWO WEEKS

Source text for Eikon:  ID:nBw7Bd5Rta 
Further company coverage:  VWE.O 

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