Welcome to our dedicated page for Willamette Vy Vineyard news (Ticker: WVVI), a resource for investors and traders seeking the latest updates and insights on Willamette Vy Vineyard stock.
Willamette Valley Vineyards Inc (WVVI) delivers premium wines through integrated vineyard operations and a multi-brand strategy. This page provides investors and industry observers with direct access to official company announcements, financial disclosures, and operational developments.
As a centralized resource for WVVI updates, users will find curated press releases, earnings reports, and news about product launches or vineyard expansions. The collection emphasizes timely, factual information to support analysis of the company’s market position and growth initiatives.
Key categories include financial performance updates, new wine varietal releases, sustainability initiatives, and hospitality program developments. All content is sourced from verified company communications to ensure accuracy and relevance.
Bookmark this page for streamlined access to WVVI’s latest developments. Check back regularly for updates on Oregon wine industry leadership and the company’s dual-channel distribution strategy.
Willamette Valley Vineyards (NASDAQ: WVVI) reported Q2 2024 results, showing a slight improvement in loss per common share after preferred dividends, decreasing from $0.08 to $0.07 compared to Q2 2023. Sales revenue decreased by 3.7% to $10,332,358, primarily due to lower distributor sales, partially offset by increased direct sales from a new tasting room. Gross profit margin improved by 4.3 percentage points to 62.6%, driven by higher product prices. Net income increased by 80.7% to $195,978, mainly due to higher pricing. The company faces challenges from changing market conditions, including reduced wine inventories and shelf space reallocation by wholesalers and retailers.
Willamette Valley Vineyards (NASDAQ: WVVI) reported results for Q1 2024. The company posted a net loss of $521,805, a 29.9% improvement from the $744,823 loss in Q1 2023. Loss per common share decreased from $0.25 to $0.22. Revenues increased by 5.9% to $8.8 million, driven by higher direct sales and distributor shipments. Gross profit rose by 17.7% to $5.27 million. However, selling, general, and administrative expenses increased by 7.7%, mainly due to higher legal costs and an additional tasting room. Despite these expenses, the company managed to reduce net losses through higher product prices.
Willamette Valley Vineyards (NASDAQ:WVVI) reported a significant financial downturn for the year ended December 31, 2022, with a net loss of $646,492, compared to a profit of $2,445,463 in 2021. Loss per common share after preferred dividends decreased to $0.51, a $0.71 decline from the previous year. However, net sales revenue increased to $33.93 million, up 6.8% from $31.79 million in 2021, driven by a strong 18.5% rise in direct sales despite a slight decline in distributor sales. Selling and administrative expenses surged 29.3%, primarily due to the opening of four new tasting rooms, impacting overall profitability.
Willamette Valley Vineyards (NASDAQ: WVVI) reported a net loss of $949,821 for Q3 2022, a significant decline from a profit of $456,191 in Q3 2021. The loss per common share after preferred dividends was $0.29, down $0.31 year-over-year. Sales revenue fell 0.5% to $7,602,878, attributed to decreased distributor sales due to inventory delays. Gross profit also declined by 12.7% to $3,894,183, while SG&A expenses surged by 35.9% to $5,120,218. The CEO noted ongoing challenges due to inventory delays and rising operational costs.
Willamette Valley Vineyards (NASDAQ:WVVI) declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ:WVVIP), payable on December 30, 2022. Shareholders must be on record by the close of business on December 7, 2022. The company, a prominent Oregon producer of Pinot Noir, continues to support its shareholders through consistent dividends.
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