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. (NASDAQ: WVVI) is a publicly traded Oregon winery known for its focus on Pinot Noir, community ownership model, and direct-to-consumer wine experiences. This news page compiles company-issued updates and market disclosures so readers can follow how the business is evolving across its vineyards, tasting rooms, and distribution channels.
Recent news releases highlight quarterly and annual financial results, including trends in net sales, gross profit, operating expenses, and net income or loss. Management commentary often explains how performance is affected by the balance between direct sales and distributor sales, changes in national distribution through wholesalers, and shifts in consumer demand for premium wines. These earnings updates are accompanied by references to risk factors and links to Form 10-Q and Form 10-K filings on EDGAR for more detail.
Beyond financial results, Willamette Valley Vineyards regularly announces developments related to its hospitality and brand recognition. The company has reported national awards from USA TODAY’s 10Best Readers’ Choice Awards, including being named the #1 Tasting Room in the Nation and having one of the top-ranked wine clubs in the country. News items also describe the expansion of tasting rooms across Oregon, Washington, and California, underscoring the importance of direct-to-consumer engagement.
Corporate governance and capital markets updates are another recurring theme. Press releases cover leadership changes, such as the appointment of Mike Osborn as Chief Executive Officer, and capital initiatives like preferred stock offerings designed to broaden shareholder participation. Investors and wine enthusiasts can use this news feed to monitor dividends on the Series A Redeemable Preferred Stock (WVVIP), ownership offerings, and strategic commentary from management.
For anyone tracking WVVI, this page offers a centralized view of financial announcements, hospitality accolades, ownership initiatives, and other official company communications over time.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) announced its partnership with TiiCKER to enhance its 2022 Preferred Stock Offering aimed at funding growth. Investors can purchase shares at $5.25 with a 4.19% annual dividend or wine credit. The share price will rise to $5.35 after October 31, 2022. The offering includes unique shareholder perks like discounts and exclusive access to events. This initiative continues Willamette's community-funded business model established in 1989, promoting investment by wine enthusiasts.
Willamette Valley Vineyards (NASDAQ: WVVI) reported a loss per share of $0.04 for Q2 2022, compared to a profit of $0.14 in Q2 2021, marking a $0.18 decline. Sales revenue decreased by 2.8% to $8.7 million, primarily due to a $929,661 drop in distributor sales, partially offset by a $680,571 increase in direct sales. Gross profit fell by 6.1% to $4.8 million. Administrative expenses surged 21.7% to $4.4 million, leading to a net income drop of 76.1% to $257,401.
Willamette Valley Vineyards (NASDAQ: WVVI) reported a loss per common share of $0.11 for Q1 2022, compared to a loss of $0.05 in Q1 2021. Sales revenue increased by 8.3% to $6,242,318, driven by direct consumer sales. However, net income declined 180.6% year-over-year to a loss of $(98,942). SG&A expenses rose 16.2% to $3,856,261, impacting overall profitability. CEO Jim Bernau highlighted supply chain issues affecting margins and earnings. For detailed financials, consult the Form 10-Q filed with the SEC.
Willamette Valley Vineyards (NASDAQ: WVVI) reported a net income of $2.45 million for 2021, down 28% from 2020. Income per share fell to $0.20, a decrease of 56.6%. The winery's net sales revenues increased by 16.4% to $31.79 million, driven mainly by direct sales and distributor revenue growth. Although gross profit rose 11.6% to $18.67 million, SG&A expenses surged 27.7% to $14.98 million.
CEO Jim Bernau noted tight wine inventories may constrain future revenue growth.
Willamette Valley Vineyards (NASDAQ:WVVI) reported a significant decline in income applicable to common shareholders for Q3 2021, totaling $95,120, down 85.1% from $640,347 in Q3 2020. Despite a revenue increase to $7,641,228, representing a 10.5% rise, gross profit margin fell to 58.4%. Operating expenses surged 29.2% to $3,768,765, primarily due to increased labor costs at tasting rooms. Net income also dropped 49.1% year-over-year, highlighting ongoing challenges from elevated production costs and supply chain disruptions.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) partners with TiiCKER to enhance its 2021 Preferred Stock Offering aimed at funding growth. The offering, priced at $5.15 per share, includes investor perks like discounts and exclusive access to wine events. TiiCKER's platform will promote shareholder engagement and verify ownership for perks. The winery plans to expand with four new tasting rooms and restaurants over the next two years. This initiative supports community funding, emphasizing the role of shareholders in company growth.
Willamette Valley Vineyards (NASDAQ: WVVI) declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP). This dividend will be payable on December 31, 2021, to shareholders of record by the close of business on December 7, 2021. Shares issued after January 1, 2020 will receive a prorated dividend based on their issue date. The company is known for producing high-quality Pinot Noir in Oregon.
Willamette Valley Vineyards (NASDAQ: WVVI & WVVIP) has appointed Greg Urmini as Director of Winemaking & Vineyards, tasked with overseeing the winery and 500 acres in production across Oregon. Urmini, previously with Paul Hobbs Winery, brings extensive experience that includes managing a winery that achieved 100-point scores. His leadership comes amid the construction of a new state-of-the-art winery in the Dundee Hills, signifying the company's commitment to growth. The winery is also supported by over 20,000 enthusiastic owner-investors and recently launched a $10.7 million offering for expansion.
Willamette Valley Vineyards (NASDAQ:WVVI) reported a significant increase in income applicable to common shareholders for Q2 2021, totaling $715,045, reflecting a growth of 96.5% compared to Q2 2020. Sales revenue surged 60.7% to $8,949,951, driven by distributor sales and direct consumer sales. Gross profit also rose by 46.8% to $5,139,723. However, selling and administrative expenses increased by 40.9% to $3,602,129. Net income for the quarter was reported at $1,077,551, a 73.7% increase from the previous year.
Willamette Valley Vineyards (NASDAQ: WVVI, WVVIP) will host the finale of Bravo's Top Chef Season 18, airing on July 1, 2021, at 8 PM PT. The event showcases finalists creating a four-course meal in Oregon's renowned wine country. This selection highlights Oregon's culinary excellence and provides exposure during a challenging year for the restaurant industry. The winery emphasizes its sustainable practices and community ownership, with shares available for investment at $5.05 each, offering a 4.36% dividend until September 30, 2021, after which the price increases to $5.15.
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