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WVVI — Willamette Valley Vineyards News Story

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Willamette Valley Vineyards Q1 sales rise on distributor case strength

Overview

Oregon Pinot Noir producer's Q1 sales rose 9.5% yr/yr, driven by distributor case sales

Net loss for Q1 narrowed 22.5% from prior year, reflecting higher distributor sales

Company cites focus on national distribution and recent management changes for improved results

Outlook

Company did not provide specific guidance or outlook for future quarters or full year

Result Drivers

DISTRIBUTOR SALES - Higher case sales to distributors drove revenue and gross profit growth

DIRECT-TO-CONSUMER DECLINE - Lower wine club and internet revenues led to a decrease in direct sales to consumers

Company press release: ID:nPnbT3k7Ka

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Sales$8.26 mln
Q1 EPS-$0.24
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.)

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