Welcome to our dedicated page for Vintage Wine Estates news (Ticker: VWE), a resource for investors and traders seeking the latest updates and insights on Vintage Wine Estates stock.
Vintage Wine Estates, Inc. (VWE) is a Santa Rosa-based collection of family-owned wineries offering premium and accessible wines through diverse sales channels. This news hub provides investors and wine industry stakeholders with timely updates on financial performance, strategic initiatives, and market developments.
Access official press releases, earnings reports, and analysis of operational milestones. Track updates on new wine launches, distribution partnerships, and sustainability initiatives that shape VWE's position in the competitive wine sector. Our curated news selection helps users monitor the company's blend of traditional winemaking heritage with modern business strategies.
Discover updates about VWE's portfolio management, customer service innovations, and leadership in California's wine country. Bookmark this page for streamlined access to essential information supporting informed decisions about this unique wine enterprise.
Vintage Wine Estates reported strong financial results for fiscal 2022, with revenue rising 33% to $293.8 million, driven by B2B and DTC sales growth. Fourth-quarter net revenue was $75.5 million, a 32% increase, while B2B sales surged 55%. Despite a $14.7 million net loss due to non-cash inventory adjustments, adjusted net income improved to $10.0 million. The company anticipates fiscal 2023 revenue between $300 million and $310 million, with adjusted EBITDA expectations of $55 million to $65 million.
Vintage Wine Estates (Nasdaq: VWE, VWEWW) announced its plans to release the fourth quarter fiscal year 2022 results on September 13, 2022, after market close. The release will be followed by a conference call at 4:45 p.m. ET to discuss financial and operational results, along with corporate strategy and future outlook. Vintage Wine Estates, a leading U.S. wine producer, focuses on the premium wine segment, emphasizing a direct-to-consumer sales strategy.
On August 26, 2022, Kentucky Derby-winning racehorse Rich Strike donned a custom blanket to support the Tough Enough to Wear Pink™ (TETWP) breast cancer awareness campaign during the Traverse Stakes at Saratoga Racecourse. Owner Rick Dawson collaborated with TETWP's Executive Director Lacey Wheatley to promote this noble cause, which has raised over 37 million dollars for breast cancer support since its inception in 2004. TETWP aids families facing breast cancer treatment and recovery, with funds primarily supporting local communities.
Vintage Wine Estates reported a strong performance for Q3 FY2022, achieving net income of $2.8 million or $0.05 per diluted share, with adjusted earnings at $0.08. Revenue surged 68% to $78.9 million, driven by a 205.3% increase in B2B sales, reaching $33.7 million. The company raised its fiscal 2022 revenue guidance to $290-$295 million and adjusted EBITDA expectations to $62-$64 million. Despite facing supply chain and inflation challenges, VWE is optimistic about ongoing growth and acquisitions.
Vintage Wine Estates (Nasdaq: VWE, VWEWW) has launched NexDrinx, a new product line focused on alternative beverages. This initiative aims to diversify its offerings while leveraging synergies with its existing wine business. Led by Tracey Mason, the portfolio includes ACE Cider and the newly acquired Gem + Jane, targeting the growing market of non-alcoholic beverages. The company aims to launch alcohol-removed, hemp-CBD-infused products by late 2022, enhancing its market presence.
Vintage Wine Estates, Inc. (NASDAQ: VWE, VWEWW) will release its third quarter fiscal year 2022 results on May 16, 2022, after market close. The company, noted for its direct-to-consumer sales strategy, ranks as the 15th largest wine producer in the U.S., selling over two million nine-liter equivalent cases annually. A conference call will follow the results announcement, featuring discussions on financial performance and strategic outlook. For those interested in listening, details for the call and replay options are provided.
Vintage Wine Estates (Nasdaq: VWE) President Terry Wheatley has been recognized in WORTH Magazine's 2022 Groundbreakers List, highlighting influential women of the year. Wheatley, the first female president of a multimillion-dollar wine company, aims to empower more women while driving the company’s growth. Vintage Wine Estates is among the largest wine producers in the U.S., with over 2 million cases sold annually and a diverse portfolio of over 50 brands. This recognition emphasizes Wheatley's leadership in a challenging environment, showcasing the company’s commitment to innovation.
Vintage Wine Estates (Nasdaq: VWE) has launched a partnership with Travel + Leisure Group, introducing two exclusive wine clubs. These clubs provide access to selections from over 25 wineries in renowned regions including Napa and Sonoma. Members will receive quarterly shipments featuring curated wines and estate experiences, along with a Wine Concierge Service for booking and expert assistance. Vintage Wine Estates continues to grow as a top U.S. wine producer, selling over 2 million cases annually with a diverse portfolio across various price points.
Travel + Leisure Group has launched travelandleisurewine.com, offering a wine club membership with curated experiences and an online bottle shop in partnership with Vintage Wine Estates (Nasdaq: VWE). Members gain access to exclusive tours and complimentary tastings at 12 wineries across Napa Valley, Oregon, and Washington. This collaboration aims to enhance customer engagement through curated wines from over 25 vineyards, catering to wine enthusiasts seeking quality experiences.
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