Crimson Wine Group Ltd (PK:CWGL)
Business Focus: Wineries
| Sector: Consumer Non-Cyclicals | Industry: Distillers & Wineries |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5901 Silverado Trail NAPA CA 94558 |
| Tel: | 1-310-2795980 |
| Website: | https://www.crimsonwinegroup.com |
| IR: | See website |
| Key People | ||
| Jennifer L. Locke Chief Executive Officer | Adam D. Howell Chief Financial Officer | Nicolas Michel Eric Quille Chief Winemaking, Operations Officer |
| Business Overview |
| Crimson Wine Group, Ltd. owns and operates a collection of luxury wine brands from seven estate-based, boutique wineries located in the finest wine-growing regions of California, Oregon and Washington. It has two segments: Wholesale and Direct to Consumer. Wholesale segment includes sales through a third party where prices are given at a wholesale rate. Direct to Consumer segment includes retail sales in the tasting room, remote sites and on-site events, wine club net sales, direct phone sales, and other sales made directly to the consumer without the use of an intermediary. It, through its wholly owned subsidiaries, owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. Chamisal Vineyards owns 92 acres of vineyards in the Edna Valley, California, of which 52 acres are planted. Archery Summit owns 92 acres of estate vineyards in the Willamette Valley, Oregon. |
| Financial Overview |
| For the three months ended 31 March 2024, Crimson Wine Group Ltd revenues increased 5% to $15.9M. Net loss increased 3% to $633K. Revenues reflect Operating Segment-Wholesale increase of 10% to $9.1M, Operating Segment-Direct to Consumer increase of 2% to $6.1M. Higher net loss reflects Operating Segment-Other/non-allocable loss increase of 12% to $5.1M, Operating Segment-Direct to Consumer income decrease of 10% to $2M. |
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