Willamette Valley Vineyards Q1 sales rise on distributor case strength

Willamette Valley Vineyards, Inc.
Cummins Inc.

Willamette Valley Vineyards, Inc.

WVVI

0.00

Cummins Inc.

CMI

0.00


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$8.26 mln

Q1 EPS

-$0.24


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