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SCHEID VINEYARDS INC A - SVIN STOCK NEWS

Welcome to our dedicated news page for SCHEID VINEYARDS A (Ticker: SVIN), a resource for investors and traders seeking the latest updates and insights on SCHEID VINEYARDS A.

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Rhea-AI Summary
Scheid Vineyards Inc. (dba Scheid Family Wines) (SVIN) reported financial results for the nine months ended November 30, 2023, showing a total revenue of $52.4 million, up 2% from the same period in 2022. The increase was driven by winery processing and storage revenues, while bulk wine and grape sales decreased. Operating income was $2.3 million, an increase of $3.9 million from 2022. EBITDA increased 13% to $6.1 million, but interest expense rose 45% due to increased borrowings and higher interest rates. The company reported a net loss of $1.8 million, compared to a $1.7 million net loss in 2022. The 2023 grape harvest yielded 18% above the company's five-year average, with favorable conditions for producing high-quality wine grapes.
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Scheid Vineyards Inc. reports financial results for the six months ended August 31, 2023. Total revenues were $27.7 million, down 9%. Gross margin decreased to 20%. Sales and marketing expenses decreased 14% and general and administrative costs decreased 16%. Interest expense rose 57%. The company reported a net loss of $4.9 million. The 2023 grape harvest is 40% complete and yields are close to the company's five-year average.
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SCHEID VINEYARDS INC A

OTC:SVIN

SVIN Rankings

SVIN Stock Data

32.88M
715.06k
0.59%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
Link
United States of America
Salinas

About SVIN

scheid vineyards california inc. is a wine and spirits company based out of 305 hilltown road, salinas, california, united states.