Vintage Wine Estates falls after Q4 loss widens

Vintage Wine Estates

13/09/2022 21:49

** Shares of wine maker Vintage Wine Estates Inc  VWE.O 
down ~8% at $5.10 after the bell
    ** Q4 net loss available to VWE common shareholders widened
to $14.7 mln, or 24 cents per share, from $6.1 mln, or 18 cents,
a year earlier
    ** However, company says Q4 revenue rose 32% to $75.5 mln
helped by strong demand and higher prices  urn:newsml:reuters.com:*:nGNX3gR1sT
    ** VWE's DTC revenue rose 29% to $23.1 mln, and B2B revenue
increased 55% to $30.6 mln
    ** Company sees full-year 2023 net revenue between $300 mln
and $310 mln
    ** Up to Tuesday's close, stock had fallen ~53% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))