Winc's Strong Wholesale Growth Driven by Unique Omni-channel Strategy

Winc (NYSE-American: WBEV) reports a robust growth in its wholesale segment, achieving a 50% increase in SKU availability and a remarkable 123% sales growth at Whole Foods in 2021.

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Rhea-AI Summary

Winc (NYSE-American: WBEV) reports a robust growth in its wholesale segment, achieving a 50% increase in SKU availability and a remarkable 123% sales growth at Whole Foods in 2021. Overall depletions rose by 75% across national and regional chains.

CEO Geoff McFarlane and President Brian Smith will partake in a virtual fireside chat at the 2022 ICR Conference on January 10, 2022, at 3:30 p.m. ET. Interested parties can access the event through the Company's Investor Relations website.

Positive

50% increase in SKU availability in the wholesale portfolio.
123% sales growth at Whole Foods for 2021.
75% rise in overall depletions among national and regional chains.

Negative

None.

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01/07/2022 - 08:30 AM EST

LOS ANGELES, Jan. 7, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE-American: WBEV), one of the fastest-growing beverage companies in the United States, continues its strong wholesale growth with a portfolio of brands for the next generation of consumers such as Summer Water and Lost Poet. In 2021, Winc's wholesale portfolio expanded by 50% more SKUs overall and saw its brands perform well on shelves, growing by 123% in sales at Whole Foods ⁽¹⁾ and by 75% in overall depletions among national and regional chains ⁽²⁾.

Geoff McFarlane, CEO and co-founder, and Brian Smith, President and co-founder, will participate in a virtual fireside chat at the 2022 ICR Conference on Monday, January 10, 2022, at 3:30 p.m. Eastern Time. The live webcast will be accessible in the News & Events section of the Company's Investor Relations website at ir.winc.com. An archived replay of the webcast will also be available shortly after the live event has concluded.

Source: Company data
⁽¹⁾ Comparing unit sales January - November 2021 vs. same period 2020, Whole Foods data as of January 3, 2022
⁽²⁾ Depletion data as of January 5, 2022

About Winc
Winc is one of the fastest growing beverage companies in the United States with a successful national portfolio of brands fueled by an omni-channel distribution network. Winc's unique digital-first marketing strategy and platform, Winc.com, drive e-commerce, deep customer connections, and data analytics, which we leverage across our expanding network of wholesale and retail partners to develop and scale brands, propelling its powerful omni-channel growth strategy.

Contact:
Matt Thelen
Chief Strategy Officer and General Counsel
invest@winc.com
424-353-1767

View original content to download multimedia:https://www.prnewswire.com/news-releases/wincs-strong-wholesale-growth-driven-by-unique-omni-channel-strategy-301456025.html

SOURCE Winc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent growth rate of Winc's wholesale portfolio?

Winc's wholesale portfolio recently expanded by 50% in SKU availability.

How much did Winc's sales grow at Whole Foods in 2021?

Winc's sales grew by 123% at Whole Foods in 2021.

What will Winc's executives discuss at the 2022 ICR Conference?

Winc's executives will discuss the company's growth and strategy at the 2022 ICR Conference on January 10, 2022.

What was the increase in overall depletions for Winc in 2021?

Overall depletions for Winc increased by 75% among national and regional chains in 2021.

When is Winc's virtual fireside chat at the ICR Conference?

Winc's virtual fireside chat is scheduled for January 10, 2022, at 3:30 p.m. Eastern Time.

Winc's Strong Wholesale Growth Driven by Unique Omni-channel Strategy