VWE earnings

Leadership accelerating efforts to streamline business model with focus on branded Super Premium+ wine and cider across wholesale and direct-to-consumer ("DTC") channels Measurable progress on monetization of non-core production services and stand-alone DTC platforms to support debt reduction Lenders aligned on turnaround and restructuring plan; forbearance agreement provides time for amendment discussions Planning to report second quarter fiscal 2024 results on March 12, 2024 Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S., today provided an update on the business to include its progress with restructuring and a

Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for the first three months of fiscal 2024 ended September 30, 2023 ("first quarter fiscal 2024"). Seth Kaufman, President and CEO commented, "These are exciting times for VWE, and I am pleased to be a part of the journey to turn the business around and define our new direction. While the business is beginning to stabilize, we still have much work to do. We will continue to execute the Five-Point Plan which defines our focus as we work through this transition year. We are intent upon driving im

Seth Kaufman joined VWE as President and CEO on October 30, 2023, and brings extensive leadership experience from large consumer-oriented brand enterprises including his most recent role as President & CEO of Moët Hennessy Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that Seth Kaufman, President and CEO, completed his first week at VWE having joined the Company on October 30, 2023. For the last four years, Mr. Kaufman has been President & CEO of Moët Hennessy North America, the $2.5 billion North American wine & spirits business of LVMH (ENXTPA:

Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that it will release its fourth quarter and fiscal year 2023 results after market today. The Company will host a conference call and webcast at 9:00 a.m. on Monday, October 16, 2023, at which management will review the financial and operating results for the periods and to discuss its corporate plans and outlook. A question-and-answer session will follow. Fourth Quarter and Fiscal Year 2023 Conference Call Monday, October 16, 2023 9:00 a.m. ET / 6:00 a.m. PT Phone US: (404) 975-4839, access code 3587

INCLINE VILLAGE, Nev., July 13, 2023 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that it will host a teleconference and webcast on Thursday, July 20, 2023 to update investors on its strategic initiatives and progress with simplifying the business, reducing costs, expanding margins, reducing debt, and preserving cash.   The conference call and webcast can be accessed as follows: Thursday, July 20, 20234:45 p.m. ET / 1:45 p.m. PTPhone US: (201) 689-8562Webcast and accompanying slide presentation: ir.vintagewinestates.com An audio r

Revenue in the first nine months of fiscal 2023 increased 3% to $225 million driven by acquisitionsBusiness simplification and operational improvement plan beginning to yield resultsSecond quarter fiscal 2023 non-cash impairment charges of $139.1 million and third quarter fiscal 2023 inventory adjustment of $10.1 million impacted profitabilityEvaluating operational footprint and cost structure to further reduce costs INCLINE VILLAGE, Nev., May 10, 2023 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, today reported its fiscal 2023 year-to-date financial

INCLINE VILLAGE, Nev., April 24, 2023 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that it will release its second and third quarter, as well as year-to-date fiscal year 2023 financial results after market close on Wednesday, May 10, 2023. The Company will also file its restated first quarter fiscal 2023 results at that time. Kris Johnston, Chief Financial Officer, commented, "While we had planned on releasing our second quarter results by the end of this month, there were a couple gating factors that resulted in our decision to conso

Separately announced changes to executive leadership and Board of Directors Executing comprehensive business realignment plan to simplify the business, refocus the enterprise and drive profitability Given efforts to realign the business, the Company withdraws previously provided guidance for fiscal 2023 Postpones release of final second quarter fiscal 2023 results to allow time for intangible asset impairment testing Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced that it plans to restate its previously issued consolidated financial statements for fi

Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the leading wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that it will release its second quarter fiscal year 2023 results after the close of financial markets on Thursday, February 9, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal 2023 Conference Call and Webcast Thursday, February 9, 2023 4:45 p.m. ET / 1:45 p.m. PT Phone: 1-201-689-8562 Webcast and accompanying slide presentation:

Net revenue grew $22.2 million driven by double digit growth in all business segments including contributions from acquisitions; Organic net revenue grew 13% DTC revenue grew 37% driven by double digit organic growth in QVC and Wine Club channels; Tasting Room traffic increased nearly 10% versus prior yearThe acquired ACE Cider Business delivered record volume performance driven by ongoing category growth   and production efficiencies achieved since acquisitionNet income was $0.6 million; adjusted net income was $2.7 million and adjusted EBITDA1 was $5.1 million Reaffirms fiscal 2023 guidance for net revenue of approximately $300 million to $310 million and revises expected adjusted EBITDA2

INCLINE VILLAGE, Nev., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that it will release its first quarter fiscal year 2023 results after the close of financial markets on Wednesday, November 9, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter Fiscal 2023 Conference Call and Webcast     Wednesday, November 9, 2022    4:45 p.m. ET / 1:45 p.

Diversified business, omnichannel marketing and acquisitions drove revenue growth in all segments Fourth quarter business-to-business ("B2B") sales grew 55% while strong tasting room traffic drove 10% organic growth in direct-to-consumer ("DTC") Made significant progress to improve internal controls; implemented stringent processes around inventory management and financial processes that resulted in $19.1 million in non-cash inventory adjustments Fourth quarter net loss was $14.7 million reflecting non-cash inventory adjustments; adjusted net income improved to $10.0 million and adjusted EBITDA1 was $7.6 millionFiscal 22 revenue grew 33% to $293.8 million; net loss for the year was $(0.7) mi

INCLINE VILLAGE, Nev., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced that it will release its fourth quarter fiscal year 2022 results after the close of financial markets on Tuesday, September 13, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter Fiscal 2022 Conference Call and WebcastTuesday, September 13, 20224:45 p.m. ET / 1:45 p.m. PTPhon

Demonstrated growth in all channels with business-to-business ("B2B") growing to $33.7 million as a result of the Meier's acquisition and timing of private label programs Consistently growing traffic in tasting rooms drove 11% organic growth in direct-to-consumer ("DTC") Reported net income of $2.8 million or $0.05 per diluted share; adjusted earnings per diluted share1 was $0.08 Achieved adjusted EBITDA2 of $14.0 million, or 17.7% of revenue Increasing revenue guidance for fiscal 2022 to approximately $290 million to $295 million with expected adjusted EBITDA3 of approximately $62 million to $64 million Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the

Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced that it will release its third quarter fiscal year 2022 results after the close of financial markets on Monday, May 16, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter Fiscal Year 2022 Conference Call Monday, May 16, 2022 4:45 p.m. ET / 1:45 p.m. PT Phone US: 844-200-6205 Phone International: 929-526-1599 Access Code: 108213 Web

Delivered net income of $8.6 million or $0.14 per diluted share; adjusted earnings per diluted share1 were $0.17 Achieved record Adjusted EBITDA2 of $20.2 million, or 24.2% of revenue, representing growth of over 135% Strong results in quarter reflect strong execution of omni-channel, multi-brand strategy and success of acquisitions Direct-to-consumer ("DTC") and business-to-business ("B2B") grew measurably and delivered over 30% operating margins in the quarter Raising revenue guidance for fiscal 2022 to approximately $275 million to $285 million with expected adjusted EBITDA3 margin in range of $63 million to $66 million Acquired Meier's Beverage Group in January 2022; expands

Vintage Wine Estates, Inc. (NASDAQ:VWE) (NASDAQ:VWEWW) (TSX:VWE) (TSX:VWE) ("VWE" or the "Company"), one of the fastest growing wine producers in the U.S. with direct-to-customer platform, today announced that it will release its second quarter fiscal year 2022 results after the close of financial markets on Monday, February 14, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2022 Conference Call Monday, February 14, 2022 4:45 p.m. ET / 1:45 p.m. PT Phone US: 844-200-6205 Phone International: 929-526-1

Executing on omni-channel, multi-brand strategy with expanded bottling capacity to drive growth and margins; delivering growth while addressing supply chain headwinds Gross margin expanded 24 basis points over the prior-year period to 42.1%Net income of $2.8 million with adjusted EBITDA1 of $11.8 million, or 21.1% of revenue Putting capital to work and executing strategy to build adjacent categories with acquisition of ACE Cider, leading U.S. cider brandExpected organic growth combined with two fiscal-year-to-date acquisitions upgrades fiscal 2022 revenue guidance to $265 million to $275 millionExpect fiscal 2022 adjusted EBITDA2 of $63 million to $65 million, or approximately 24% of sales a

INCLINE VILLAGE, Nev., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) (TSX:VWE) (TSX:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced the acquisition of ACE Cider, The California Cider Company, which is expected to close November 16, 2021. The first family-owned cider company in the U.S. and among the fastest growing craft cider brands in the country, ACE produces nearly 90,000 barrels of cider annually. "This strategic acquisition adds an innovative product line to our RTD (ready-to-drink) category and brings us access to a significant new sales channel for

SANTA ROSA, Calif., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) (TSX:VWE) (TSX:VWE) ("VWE" or the "Company"), one of the fastest growing wine producers in the U.S. with direct-to-customer platform, today announced that it will release its first quarter fiscal year 2022 results after the close of financial markets on Monday, November 15, 2021. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter Fiscal Year 2022 Conference Call   Monday, November 15, 2021  4:45 p.m. ET / 1:45 p.m. PT  Phone: 201-

Delivered on growth plans: Completed two accretive, synergistic acquisitions since going publicGenerated strong growth in its direct-to-customer and business-to-business market channels demonstrating value of multi-channel marketing platformExpanding bottling capacity nearly 100% to over 13.5 million cases per year Exceeded fiscal year revenue target with $4.1 million in net income while exceeding proforma adjusted EBITDA1 target Shipped 1.9 million cases in the fastest growing premium and luxury segmentsReiterated fiscal year 2022 guidance of over 35% pro forma adjusted EBITDA2 growthPublic listing provided financial strength to execute growth plans with $234 million of liquidity at fiscal

Requires additional time to complete yearend closing as publicly traded companyStrong demand in all segments drove unaudited preliminary fourth quarter revenue of $57 million up 37% over prior-year period including acquired revenueFiscal year 2021 preliminary revenue of $221 million grew 16% over prior year SANTA ROSA, Calif., Sept. 21, 2021 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) (TSX:VWE) (TSX:VWE) ("VWE" or the "Company"), one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform, today announced that the Company is rescheduling its fourth quarter and fiscal yearend earnings release and conference call that was previously pl

SANTA ROSA, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc. (NASDAQ:VWE) (TSX:VWE) (TSX:VWE) ("VWE" or the "Company"), one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform, today announced that the Company will conduct a conference call to discuss its Fourth Quarter and Fiscal Year 2021 financial results on Wednesday, September 22, 2021 at 4:30 PM Eastern Time. The call will feature remarks by VWE's management team. Investors interested in participating in the live call can dial 844-200-6205 or 646-904-5544 and use the access code 925261. There will also be a simultaneous, live webcast available on the Investor Relations