Willamette Valley Vineyards Posts Results for Q3 2026

Rhea-AI Summary

Willamette Valley Vineyards (NASDAQ:WVVI) reported a third-quarter 2026 loss per common share after preferred dividends of $0.33, unchanged year over year. Sales rose 6.6% to $8,901,461, with higher volumes primarily driving increases in direct and distributor sales. Gross profit increased 6.3% to $5,320,799. Operating expenses rose 3.4% to $6,430,615, primarily because of higher labor and benefits expenses. Net loss narrowed to $1,050,820 from $1,092,450.

For the nine months ended September 30, 2026, sales reached $27,193,889, versus $26,090,546 a year earlier, while net loss widened to $3,005,769 from $1,728,636. Loss per common share after preferred dividends increased to $0.97 from $0.69. Management said it is working on cost reductions intended to restore profitability and identified balancing finished wine inventories with market demand as a remaining challenge.

12 points · 0 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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1 major · 12 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ3 sales rose 6.6% to $8,901,461, primarily reflecting higher direct and distributor sales volumes.
• Moderate pointQ3 gross profit increased 6.3% to $5,320,799 year over year.
• Minor pointQ3 net loss narrowed to $1,050,820 from $1,092,450 a year earlier.
• Minor pointQ3 operating loss narrowed to $1,109,816 from $1,213,527 a year earlier.
• Minor pointNine-month sales increased to $27,193,889 from $26,090,546 a year earlier.

7 minor points

• Minor pointNine-month gross profit increased to $16,123,587 from $15,979,698 a year earlier.
• Minor pointQ3 net interest expense declined to $259,763 from $304,957 a year earlier.
• Minor pointNine-month net interest expense declined to $815,070 from $873,323 a year earlier.
• Minor pointQ3 other income was $8,240, versus other expense of $18,662 a year earlier.
• Minor pointNine-month other income increased to $217,410 from $126,364 a year earlier.
• Minor pointNine-month income tax benefit increased to $733,471 from $703,664 a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Management is working on cost reductions intended to return the company to past profitability levels.

Negative

• Major pointNine-month net loss widened to $3,005,769 from $1,728,636 a year earlier.
• Minor pointNine-month loss per common share after preferred dividends increased to $0.97 from $0.69.
• Minor pointNine-month operating loss widened to $3,141,580 from $1,685,341 a year earlier.
• Minor pointQ3 loss per common share after preferred dividends remained $0.33, unchanged year over year.
• Minor pointQ3 operating expenses increased 3.4% to $6,430,615, primarily reflecting higher labor and benefits expenses.

7 minor points

• Minor pointNine-month operating expenses increased to $19,265,167 from $17,665,039 a year earlier.
• Minor pointQ3 cost of sales increased to $3,580,662 from $3,349,228 a year earlier.
• Minor pointNine-month cost of sales increased to $11,070,302 from $10,110,848 a year earlier.
• Minor pointQ3 accrued preferred dividends increased to $606,071 from $563,177 a year earlier.
• Minor pointNine-month accrued preferred dividends increased to $1,818,213 from $1,689,530 a year earlier.
• Minor pointQ3 income tax benefit declined to $310,519 from $444,696 a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Finished wine inventories need rebalancing with market demand, management identified as a remaining challenge.

News Explained

Willamette Valley Vineyards reported its Q3 results; at September 30, 2026, cash and equivalents of $609,194 equaled 88.8 days of operating cash use at the quarter’s reported rate, quantifying the disclosed liquidity position.

Sources and calculations

• Willamette Valley Vineyards Posts Results for Q3 2026 (2026-11-12)
• Willamette Valley Vineyards Q3 2026 fundamentals (2026Q3)

• Available liquidity against the last reported quarterly operating outflow, in days at that rate $609,194 / ($631,398 / 92) = 88.8 days

Key Figures

Loss per common share: $0.33 loss Sales revenue: $8,901,461; up 6.6% Gross profit: $5,320,799; up 6.3% +3 more

Loss per common share

$0.33 loss

Q3 2026, unchanged from Q3 2025, after preferred dividends

Sales revenue

$8,901,461; up 6.6%

Three months ended September 30, 2026, compared with 2025

Gross profit

$5,320,799; up 6.3%

Q3 2026 compared with Q3 2025

Selling, general and administrative expenses

$6,430,615; up 3.4%

Q3 2026 compared with Q3 2025

Net loss

$1,050,820; improved by $41,630

Q3 2026 compared with Q3 2025

Nine-month net loss

$3,005,769

Nine months ended September 30, 2026, versus $1,728,636 in 2025

Historical Context

2 past events · Latest: Aug 12

2 events

1. Aug 12

   Q2 earnings report

   24h Move

   +3.9%

   Loss per share widened and net loss rose despite first-half sales growth.

2. May 13

   Q1 earnings report

   24h Move

   +5.8%

   Quarterly revenue rose and net loss narrowed, with loss per share improving year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

preferred dividends

1 terms

preferred dividends financial

"loss per common share after preferred dividends"

Preferred dividends are regular payments a company makes to holders of preferred stock before any dividends go to common shareholders. Think of preferred shareholders as having a reserved seat at the payment table: they usually receive a fixed amount like a steady paycheck, which makes these dividends important for income-focused investors and affects how much cash remains for common-stock holders and reinvestment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SALEM, Ore., Nov. 12, 2026 /PRNewswire/ -- Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) (the "Company"), a leading Oregon producer of Pinot Noir, generated a loss per common share after preferred dividends of $0.33 for the three months ended September 30, 2026, unchanged from the $0.33 loss per share reported for the same period in 2025.

Sales revenue for the three months ended September 30, 2026 and 2025 were $8,901,461 and $8,353,200, respectively, an increase of $548,261 or 6.6%, in the current year period over the prior year period. This increase was caused by an increase in direct sales of $56,402 and an increase in sales through distributors of $491,859 in the current year three-month period over the prior year period. The increase in revenue from direct and distributor sales was primarily related to higher sales volumes.

Gross profit for the three months ended September 30, 2026 and 2025 was $5,320,799 and $5,003,972, respectively, an increase of $316,827 or 6.3%, in the third quarter of 2026 over the same quarter in the prior year.

Selling, general and administrative expenses for the three months ended September 30, 2026 and 2025 were $6,430,615 and $6,217,499 respectively, an increase of $213,116 or 3.4%, in the current quarter over the same quarter in the prior year. This increase was primarily the result of an increase in labor and benefits expenses.

Net (loss) for the three months ended September 30, 2026 and 2025 was ($1,050,820) and ($1,092,450), respectively, an improvement of $41,630, in the third quarter of 2026 over the same quarter in the prior year.

"I believe that we are stabilizing our revenues by moving to stronger distributors and returning to our tried and true, go-to-market storytellers from throughout our organization," stated Jim Bernau, Founder and President of the Company.  "We are now working to make significant cost reductions that are intended to return the Company to the levels of profitability the Company achieved in the past," continued Mr. Bernau.  "I believe that the Company's remaining challenge is to bring our finished wine inventories back into balance with market demand."

For a complete discussion of the Company's financial condition and operating results for the third quarter 2026, see our Form 10-Q for the three months ended September 30, 2026, as filed with the United States Securities and Exchange Commission on EDGAR. 

Willamette Valley Vineyards, Inc. is headquartered at its Estate Vineyard near Salem, Oregon.  The Company's common stock is traded on NASDAQ (WVVI).

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, referred to as the "Securities Act", and Section 21E of the Securities Exchange Act of 1934, as amended, referred to as the "Exchange Act". These forward-looking statements involve risks and uncertainties that are based on current expectations, estimates and projections about the Company's business, and beliefs and assumptions made by management. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates", "predicts," "potential," "should," or "will" or the negative thereof and variations of such words and similar expressions are intended to identify such forward-looking statements. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to: availability of financing for growth, availability of adequate supply of high quality grapes, successful performance of internal operations, impact of competition, changes in wine broker or distributor relations or performance, impact of possible adverse weather conditions, impact of reduction in grape quality or supply due to disease or smoke from forest fires, changes in consumer spending, the reduction in consumer demand for premium wines, and the revenues or costs for any of our tasting rooms and restaurants exceeding or not meeting our expectations. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic economic conditions.

Many of these risks as well as other risks that may have a material adverse impact on our operations and business, are identified in Item 1A "Risk Factors" in our Annual Report on Form 10-K. 

The following is the Company's Statement of Operations for the three and nine months ended September 30, 2026 compared to the three and nine months ended September 30, 2025:

					Three months ended				Nine months ended
					September 30,				September 30,
					2026		2025		2026		2025
SALES, NET					$      8,901,461		$      8,353,200		$    27,193,889		$    26,090,546
COST OF SALES					3,580,662		3,349,228		11,070,302		10,110,848
GROSS PROFIT					5,320,799		5,003,972		16,123,587		15,979,698
OPERATING EXPENSES
	Sales and marketing				4,613,909		4,444,433		13,121,567		12,605,778
	General and administrative				1,816,706		1,773,066		6,143,600		5,059,261
		Total operating expenses			6,430,615		6,217,499		19,265,167		17,665,039
LOSS FROM OPERATIONS					(1,109,816)		(1,213,527)		(3,141,580)		(1,685,341)
OTHER INCOME (EXPENSE)
	Interest expense, net				(259,763)		(304,957)		(815,070)		(873,323)
	Other income (expense), net				8,240		(18,662)		217,410		126,364
LOSS BEFORE INCOME TAXES					(1,361,339)		(1,537,146)		(3,739,240)		(2,432,300)
INCOME TAX BENEFIT					310,519		444,696		733,471		703,664
NET LOSS					(1,050,820)		(1,092,450)		(3,005,769)		(1,728,636)
Accrued preferred stock dividends					(606,071)		(563,177)		(1,818,213)		(1,689,530)
LOSS APPLICABLE TO COMMON SHAREHOLDERS					$    (1,656,891)		$    (1,655,627)		$    (4,823,982)		$    (3,418,166)
Loss per common share after preferred dividends,
	basic and diluted				$              (0.33)		$              (0.33)		$              (0.97)		$              (0.69)
Weighted-average number of
	common shares outstanding, basic and diluted				4,979,529		4,964,529		4,979,529		4,964,529

 

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SOURCE Willamette Valley Vineyards

FAQ

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

What were Willamette Valley Vineyards' Q3 2026 earnings and sales?

Willamette Valley Vineyards reported a $0.33 loss per common share after preferred dividends, unchanged from Q3 2025, and sales of $8,901,461, up 6.6%. Net loss narrowed to $1,050,820 from $1,092,450.

How did WVVI perform in the first nine months of 2026?

Willamette Valley Vineyards reported sales of $27,193,889 and a net loss of $3,005,769 for the nine months ended September 30, 2026. A year earlier, sales were $26,090,546 and net loss was $1,728,636. Loss per common share after preferred dividends increased to $0.97 from $0.69.

How much did direct and distributor sales increase at Willamette Valley Vineyards in Q3 2026?

Q3 2026 direct sales increased by $56,402, while sales through distributors increased by $491,859 compared with Q3 2025. Higher sales volumes primarily drove the increases in both channels.