Crimson Wine Q1 net loss narrows to $0.6 million; net sales rise 26% to $18.26 million

CRIMSON WINE GROUP

CRIMSON WINE GROUP

CWGL

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  • Crimson Wine Group posted total net sales of USD 18.26 million for the three months ended March 31, 2026, up 26%.
  • Wholesale net sales climbed 55% to USD 12.26 million, while Direct to Consumer net sales fell 7% to USD 5.56 million.
  • Total gross profit rose 19% to USD 7.91 million, while total gross margin narrowed 3 percentage points to 43%.
  • Wholesale gross margin slipped 3.31 percentage points to 39% due to the step-up in cost basis for acquired Raeburn inventory.
  • Cash provided by operating activities increased to USD 2.36 million, while USD 29 million of Revolving Credit Facility borrowings remained outstanding following the Raeburn acquisition.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crimson Wine Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-032083), on May 07, 2026, and is solely responsible for the information contained therein.

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