Vintage Wine Estates, Inc. Stock Price, News & Analysis

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.

Vintage Wine Estates (NASDAQ: VWE, VWEWW) has launched the Shareholder Passport Program in collaboration with Stockperks. This program offers significant benefits for shareholders, including discounts, exclusive events, and a concierge service for those holding 500 or more shares. The initiative aims to foster community engagement among retail investors who share a passion for wine. VWE, recognized as one of the fastest-growing wine producers in the U.S., continues to innovate in investor relations.

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) announced a stock repurchase plan for up to $30 million through September 8, 2022. CEO Pat Roney expressed confidence in the stock's current value and the company’s strategic execution. The buyback reflects the Board's commitment to enhancing shareholder value amid favorable market conditions. Executions will depend on various factors, including stock price and market conditions, with no guaranteed number of shares to be repurchased.

Vintage Wine Estates has announced significant changes in its leadership to support growth strategies. Katherine DeVillers has been appointed as Executive Vice President of Acquisition Integrations, while Kristina Johnston joins as Chief Financial Officer effective March 7, 2022. This restructuring aims to enhance operational efficiency and strengthen the company's financial team. Zach Long was promoted to Senior Vice President of Winemaking, and Courtney Prose is now Vice President of Supply Chain. The CEO emphasized the importance of investing in talent to maintain growth momentum.

Vintage Wine Estates, Inc. (Nasdaq: VWE, VWEWW) has announced its decision to voluntarily delist its common shares and warrants from the Toronto Stock Exchange (TSX) effective March 7, 2022. The company cites inadequate trading volume on the TSX as the reason for the delisting, stating that the move will help reduce expenses and allow for reallocation of resources to further business advancement. VWE's shares will continue to be traded on the Nasdaq Global Market, ensuring continued market liquidity for shareholders.

Vintage Wine Estates reported a net income of $8.6 million, or $0.14 per diluted share, for Q2 FY2022, with adjusted EPS at $0.17. The company's adjusted EBITDA grew 137% to $20.2 million, accounting for 24.2% of revenue. Strong performances from DTC and B2B channels, with revenue growth of 50.8% and 22.2% respectively, were noted. VWE raised its fiscal 2022 revenue guidance to between $275 million and $285 million, with adjusted EBITDA anticipated between $63 million and $66 million.

Vintage Wine Estates (NASDAQ: VWE) will announce its second quarter fiscal year 2022 results on February 14, 2022 after market close. The company will hold a conference call at 4:45 p.m. ET to discuss the financial results and corporate strategy, followed by a Q&A session. Vintage Wine Estates, one of the fastest-growing wine producers in the U.S., markets a diverse range of over 50 brands, with a focus on the premium wine segment priced between $12 and $20.