Welcome to our dedicated page for Scheid Vineyd news (Ticker: SVIN), a resource for investors and traders seeking the latest updates and insights on Scheid Vineyd stock.
Scheid Vineyards Inc. (doing business as Scheid Family Wines, OTC Markets: SVIN) regularly publishes detailed financial and operational updates that are reflected on this news page. As a family-owned wine company founded in 1972 and based in Monterey County, California, Scheid Family Wines reports on its performance as a grower, producer, and marketer of estate grown wines.
News items for SVIN commonly include quarterly and year-end fiscal results, with revenue broken out into cased goods sales, bulk wine sales, grape sales, winery processing and storage revenues, direct sales, vineyard management revenues, and other revenues. Management commentary often addresses trends in the wine market, such as changes in cased goods demand, bulk wine pricing, harvest yields relative to the company’s five-year average, and the impact of weather patterns on the Central Coast.
Releases also discuss cost trends, gross margin performance, sales and marketing and general and administrative expenses, and interest expense on variable rate debt. From time to time, Scheid Family Wines reports on non-recurring items such as gains on the sale of property, plant and equipment or vineyard properties, loan forgiveness under the Paycheck Protection Plan, and write-downs of bulk wine inventories to market.
Investors and followers of SVIN can use this page to review the company’s own narrative around industry conditions, harvest updates, lender forbearance agreements, and its evolution from a grower to a branded wine enterprise, as described in its press releases. Bookmark this feed to access Scheid Family Wines’ historical and ongoing news disclosures in one place.
Scheid Family Wines (SVIN) reported financial results for Q3 fiscal 2025, showing significant revenue decline and increased losses. Total revenues dropped 17% to $43.3 million, with cased goods sales down 6% to $32.2 million. The company faced multiple challenges including:
- Bulk wine sales decreased 22% to $2.1 million
- Grape sales fell 23% to $1.0 million
- Winery processing revenues declined 50% to $5.2 million
- Gross margins decreased to 26% from 30%
- Interest expense surged 146% to $11.8 million
The company reported a net loss of $6.8 million compared to $1.8 million loss in the previous year. EBITDA increased to $8.5 million from $6.2 million, primarily due to one-time gains from a processing agreement termination ($3.6 million) and land sale ($1.7 million). The 2024 harvest yields were approximately 15% below the company's five-year average.
Scheid Family Wines (SVIN) reported financial results for Q2 FY2025, showing continued challenges in the wine industry. Total revenues decreased 6% to $26.1 million, with cased goods sales down 6% to $21.2 million and bulk wine sales down 14% to $1.8 million. The company reduced sales and marketing expenses by 16% and G&A expenses by 5%. Despite cost-cutting efforts, interest expense rose 150% to $7.5 million. The company secured new forbearance agreements through July 2025, including a $5.0 million working capital boost. EBITDA improved to $4.4 million from a $1.2 million loss, aided by land sale and contract dissolution proceeds. Net loss was $3.9 million compared to $4.8 million in the previous year.
Scheid Family Wines (OTC: SVIN) reported its Q1 fiscal 2025 results, showing a 4% increase in total revenues to $15.0 million. Despite challenging market conditions, the company achieved a 1% increase in cased goods sales to $11.0 million and a 12% increase in winery processing and storage revenues to $1.1 million. Gross margins improved to 26% from 21% in the previous year. The company's cost-cutting efforts resulted in a 10% decrease in both sales and marketing expenses and general and administrative expenses. Notably, Scheid recognized $3.6 million in revenue from a dissolved winery processing agreement. Despite a 27% increase in interest expense, the company reported a net income of $0.9 million, compared to a net loss of $2.4 million in the same period last year. EBITDA improved significantly to $4.5 million from a loss of $0.1 million.
Scheid Family Wines reported its fiscal year-end results for 2024, reflecting significant challenges in the wine industry. Revenues slightly declined to $68.0 million from $68.5 million in the previous year. The company faced a $15.0 million non-cash write-down of bulk wine inventories, leading to a drastic 86% drop in gross profit to $2.5 million. Net loss escalated to $20.6 million compared to a $2.2 million net loss last year. Sales and marketing expenses decreased by 12% and general administrative expenses fell by 15%. Interest expenses surged by 45% due to higher borrowings and rising interest rates. The company is negotiating forbearance agreements and exploring alternative financing as it restructures to mitigate financial covenants and default scenarios.
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Scheid Vineyards Inc. (OTC: SVIN) reported a net loss of
Scheid Vineyards reported a notable 35% increase in revenues for the six months ended August 31, 2022, driven by significant growth in cased goods (32%) and bulk wine sales (28%). Gross profit rose to $7.05 million, with gross margins improving from 20% to 23%. However, the company incurred a net loss of $1.44 million compared to a net income of $12.58 million in the previous year, impacted by increased expenses and non-recurring losses. The 2022 grape harvest is expected to yield 15% lower than average due to adverse weather conditions.