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

Vintage Wine Estates (VWE) has increased its fiscal 2022 revenue guidance to between $265 million and $275 million, reflecting growth driven by recent acquisitions and strong direct-to-consumer sales. The company's adjusted EBITDA is projected to be between $63 million and $65 million, marking a 63% year-over-year increase. Challenges related to supply chain constraints, notably a $7 million shortfall in B2B shipments, were reported. Despite these issues, gross profit rose to $23.4 million, with gross margins expanding to 42.1%.

Vintage Wine Estates (NASDAQ: VWE) is participating in the Jefferies Virtual West Coast Consumer Conference on November 16, 2021, at 3:40 p.m. ET. The event will feature a fireside chat, which will be web streamed live and available for replay on the Company’s Investor Relations page. As the 15th largest U.S. wine producer, VWE sells over two million cases annually and focuses on premium wines priced between $12 to $20. With over 50 diverse brands, the Company utilizes a balanced omni-channel strategy to reach customers and enhance their wine experience.

Vintage Wine Estates (VWE) will release its first quarter fiscal year 2022 results on November 15, 2021, after market close. The company, a rapidly growing U.S. wine producer, plans a conference call at 4:45 p.m. ET to discuss financial performance and corporate strategy. VWE ranks as the 15th largest wine producer in the U.S., selling over two million cases annually with a focus on the premium wine segment. The company maintains a balanced omni-channel strategy, marketing over 50 brands mainly priced between $12 and $20.

Vintage Wine Estates (NASDAQ: VWE) has partnered with Kevin O’Leary, known as “Mr. Wonderful,” to launch Shop Mr. Wonderful, a lifestyle platform. This new venture features over 55 curated wines from Vintage Wine Estates’ family, along with a weekly product spotlight by O’Leary. Customers can engage with O’Leary through an 'Ask Kevin' feature and access insights via a dedicated blog. The site aims to enhance the customer experience, promoting affordable luxury products while expanding Vintage Wine Estates' market presence.

Vintage Wine Estates (VWE) announced the acquisition of Vinesse, LLC, a direct-to-consumer wine club platform with over 60,000 members, for approximately $14 million in cash and a potential $2.5 million earnout. This strategic acquisition aims to enhance VWE's direct-to-consumer capabilities and generate significant cost synergies by integrating Vinesse’s operations. VWE expects the acquisition to lower Vinesse’s current EBITDA multiple from 12x to under 5x within the first year. With Vinesse's contribution of around $20 million in revenue, this move is part of VWE's ongoing growth strategy.

Vintage Wine Estates (VWE) reported robust growth in fiscal 2021, achieving $4.1 million in net income and surpassing revenue targets. The company expanded its bottling capacity to over 13.5 million cases annually and shipped 1.9 million cases in premium segments. Completed acquisitions of Kunde Family Winery and The Sommelier Company bolster its multi-channel marketing strategies. With $234 million in liquidity, VWE remains well-positioned for future expansion, reaffirming over 35% pro forma adjusted EBITDA growth guidance for fiscal 2022.

Vintage Wine Estates, Inc. (NASDAQ: VWE) reported a preliminary fourth quarter revenue of $57 million, marking a 37% increase year-over-year. Fiscal year 2021 preliminary revenue reached $221 million, up 16% from the previous year. The company has postponed its earnings release to September 28, 2021, to finalize yearend financials due to personnel issues and an untimely staff passing affecting their finance department. They anticipate updating investors on strategic progress during the conference call scheduled for September 29, 2021.

Vintage Wine Estates (NASDAQ: VWE) announces the appointment of Russell G. Joy as Chief Operating Officer, effective November 1, 2021. Joy succeeds Jeff Nicholson, who retires on October 29, 2021. With over 20 years of wine industry experience, Joy previously held key roles including General Manager at Napa Wine Company and VP of California operations for Ste. Michelle Wine Estates. CEO Pat Roney highlighted Joy's operational and financial expertise as crucial for the company's growth strategy as VWE continues to expand its direct-to-consumer and wholesale operations.

Vintage Wine Estates (NASDAQ: VWE) has become a founding member of the Sustainable Wine Roundtable (SWR), a coalition aimed at promoting sustainability in the wine industry. This initiative includes over 40 leaders from various sectors, including producers, retailers, and environmental organizations. Erica Landin-Lofving, Chief Sustainability Officer at VWE, emphasized the importance of defining sustainable wine production. The SWR aims to develop global standards and best practices for sustainability, benefiting both wineries and consumers by clarifying eco-labels and sustainability measures.