Willamette Valley Vineyards, Inc. (OQ:WVVI)
Business Focus: Wineries
| Sector: Consumer Non-Cyclicals | Industry: Distillers & Wineries |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 8800 Enchanted Way S E TURNER OR 97392 |
| Tel: | N/A |
| Website: | https://www.wvv.com |
| IR: | See website |
| Key People | ||
| James W. Bernau Chairperson of the Board, President, Chief Executive Officer | John Ferry Chief Financial Officer | Craig Alan Smith Secretary, Independent Director |
| Business Overview |
| Willamette Valley Vineyards, Inc. owns and operates vineyards, wineries and tasting rooms, and produces and distributes premium, super premium, and ultra-premium wines, primarily Pinot Noir, Pinot Gris, Chardonnay, Riesling and Sparkling wine. The Company has two segments: direct sales and distributor sales. The Direct sales segment includes retail sales in the tasting rooms, wine club sales, online sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. The Distributor sales segment includes all sales through a third party where prices are given at a wholesale rate. The grapes are harvested, fermented and made into wine primarily at the Company's winery in Turner, Oregon and the wines are sold principally under its Willamette Valley Vineyards label, but also under the Domaine Willamette, Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, Natoma, Metis, Pere Ami and Elton labels. |
| Financial Overview |
| For the three months ended 31 March 2024, Willamette Valley Vineyards, Inc. revenues increased 6% to $8.8M. Net loss applicable to common stockholders decreased 14% to $1.1M. Revenues reflect Distributor Sales segment increase of 7% to $4.5M, Direct Sales segment increase of 5% to $4.3M. Lower net loss reflects Other income increase of 33% to $98K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.25 to -$0.22. |
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