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

Team, Inc. (NYSE: TISI) has appointed Candice Koederitz to its Board of Directors, effective August 9, 2021. With over 30 years at Morgan Stanley, including leadership roles in capital markets and regulatory implementation, Ms. Koederitz enhances the board's expertise. Amerino Gatti, CEO, expressed enthusiasm for her insights during a time of emerging opportunities. Koederitz currently serves on other boards, including Vintage Wine Estates (NASDAQ: VWE). This appointment reflects Team's commitment to broadening its leadership capabilities to navigate dynamic market conditions.

Vintage Wine Estates (NASDAQ: VWE) announced its participation in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021. The event will include a fireside chat at 3:30 p.m. Eastern Time, which will be webcast live and available for replay. VWE, recognized as one of the fastest-growing U.S. wine producers, sells over 2 million nine-liter equivalent cases annually and operates a direct-to-consumer sales platform. The company’s diverse portfolio includes over 50 brands, with retail prices primarily ranging from $12 to $20.

Vintage Wine Estates (VWE) announced the acquisition of The Sommelier Company for approximately $8 million. This strategic move aims to enhance VWE's direct-to-consumer sales, which constitute 30% of its net revenue. The Sommelier Company generated over $5 million in net revenue in FY 2020 with an Adjusted EBITDA margin above 60%. The acquisition, expected to be accretive to earnings, will boost VWE's customer outreach through unique wine experiences and consulting services, leveraging The Sommelier Company’s established market presence.

Vintage Wine Estates (NASDAQ: VWE) announces significant leadership appointments, enhancing gender diversity with over 50% of director positions held by women. New roles include Jessica Kogan as Chief Marketing Officer, Erica Landin-Löfving as Chief Sustainability Officer, Holly Hawkins as Vice President of Human Resources, and Mary Ann Vangrin as Vice President of Communications. These appointments aim to drive growth and sustainability initiatives, reinforcing VWE's commitment to gender equality and enhancing its direct-to-consumer strategy.

Vintage Wine Estates, Inc. (NASDAQ: VWE) has reaffirmed its fiscal year 2021 guidance following its business combination with Bespoke Capital Acquisition Corp. The company reported net revenue of $163.7 million and net income of $15.3 million for the nine months ending March 31, 2021, marking a 10% increase in revenue and a 54% growth in Adjusted EBITDA at $30.4 million compared to the previous year. The guidance for fiscal year 2021 estimates pro forma net revenue of $220 million and Adjusted EBITDA of $46 million, accounting for the recently completed Kunde acquisition.

Vintage Wine Estates (NASDAQ: VWE) announced its participation in two upcoming investor conferences. On June 10, 2021, the company will host a fireside chat at the Baird Global Consumer, Technology and Services Conference at 1:25 p.m. Eastern. Following this, on June 17, 2021, Vintage Wine Estates will participate in the Evercore ISI Consumer & Retail Summit, featuring a fireside chat at 12:30 p.m. Eastern. Both events will include one-on-one meetings and the June 17 chat will be webcasted, accessible on their Investor Relations website.