SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2025 RESULTS
Scheid Family Wines (OTC: SVIN) reported its Q1 fiscal 2025 results, showing a 4% increase in total revenues to $15.0 million. Despite challenging market conditions, the company achieved a 1% increase in cased goods sales to $11.0 million and a 12% increase in winery processing and storage revenues to $1.1 million. Gross margins improved to 26% from 21% in the previous year. The company's cost-cutting efforts resulted in a 10% decrease in both sales and marketing expenses and general and administrative expenses. Notably, Scheid recognized $3.6 million in revenue from a dissolved winery processing agreement. Despite a 27% increase in interest expense, the company reported a net income of $0.9 million, compared to a net loss of $2.4 million in the same period last year. EBITDA improved significantly to $4.5 million from a loss of $0.1 million.
Scheid Family Wines (OTC: SVIN) ha riportato i risultati del primo trimestre fiscale 2025, evidenziando un aumento del 4% delle entrate totali a 15,0 milioni di dollari. Nonostante le difficoltà del mercato, l'azienda ha realizzato un aumento dell'1% nelle vendite di beni confezionati a 11,0 milioni di dollari e un aumento del 12% nei ricavi da lavorazione e stoccaggio in cantina a 1,1 milioni di dollari. I margini lordi sono migliorati al 26% rispetto al 21% dell'anno precedente. Gli sforzi di riduzione dei costi hanno portato a un decremento del 10% sia nelle spese di vendita e marketing che in quelle generali e amministrative. È interessante notare che Scheid ha riconosciuto 3,6 milioni di dollari di entrate da un'accordo di lavorazione di vini dissolto. Nonostante un aumento del 27% delle spese per interessi, l'azienda ha registrato un utile netto di 0,9 milioni di dollari, rispetto a una perdita netta di 2,4 milioni di dollari nello stesso periodo dell'anno scorso. L'EBITDA è migliorato significativamente a 4,5 milioni di dollari rispetto a una perdita di 0,1 milioni di dollari.
Scheid Family Wines (OTC: SVIN) informó sus resultados del primer trimestre fiscal 2025, mostrando un aumento del 4% en los ingresos totales a 15,0 millones de dólares. A pesar de las difíciles condiciones del mercado, la empresa logró un aumento del 1% en las ventas de productos envasados a 11,0 millones de dólares y un aumento del 12% en los ingresos por procesamiento y almacenamiento de bodega a 1,1 millones de dólares. Los márgenes brutos mejoraron al 26% desde el 21% del año anterior. Los esfuerzos de reducción de costos resultaron en una disminución del 10% tanto en gastos de ventas y marketing como en gastos generales y administrativos. Notablemente, Scheid reconoció 3,6 millones de dólares en ingresos de un acuerdo de procesamiento de bodega disuelto. A pesar de un aumento del 27% en los gastos por intereses, la empresa reportó un ingreso neto de 0,9 millones de dólares, en comparación con una pérdida neta de 2,4 millones de dólares en el mismo período del año pasado. El EBITDA mejoró significativamente a 4,5 millones de dólares desde una pérdida de 0,1 millones de dólares.
세이드 패밀리 와인(Scheid Family Wines, OTC: SVIN)은 2025 회계연도 1분기 결과를 발표하며 총 수익이 4% 증가하여 1,500만 달러에 달했다고 보고했습니다. 어려운 시장 환경에도 불구하고 이 회사는 포장 제품 판매가 1% 증가하여 1,100만 달러를 기록하였고, 와인 가공 및 저장 수익이 12% 증가하여 110만 달러에 이르렀습니다. 총 마진은 작년 21%에서 26%로 개선되었습니다. 회사의 비용 절감 노력으로 판매 및 마케팅 비용과 일반 관리 비용이 각각 10% 감소했습니다. 특히 세이는 해산된 와인 가공 계약에서 360만 달러의 수익을 인식했습니다. 이자 비용이 27% 증가했음에도 불구하고, 회사는 90만 달러의 순이익을 보고했습니다, 작년 같은 기간에는 240만 달러의 순손실을 기록했던 것과 비교됩니다. EBITDA는 손실 10만 달러에서 450만 달러로 크게 개선되었습니다.
Scheid Family Wines (OTC: SVIN) a publié ses résultats du premier trimestre de l'exercice fiscal 2025, affichant une augmentation de 4% des revenus totaux à 15,0 millions de dollars. Malgré des conditions de marché difficiles, la société a atteint une augmentation de 1% des ventes de produits conditionnés à 11,0 millions de dollars et une augmentation de 12% des revenus de traitement et de stockage de vin à 1,1 million de dollars. Les marges brutes se sont améliorées à 26% contre 21% l'année précédente. Les efforts de réduction des coûts de l'entreprise ont abouti à une diminution de 10% des dépenses de vente et de marketing ainsi que des dépenses générales et administratives. Notamment, Scheid a reconnu 3,6 millions de dollars de revenus provenant d'un accord de traitement de vin résilié. Malgré une augmentation de 27% des charges d'intérêt, l'entreprise a déclaré un bénéfice net de 0,9 million de dollars, contre une perte nette de 2,4 millions de dollars au cours de la même période de l'année précédente. L'EBITDA a considérablement amélioré à 4,5 millions de dollars contre une perte de 0,1 million de dollars.
Scheid Family Wines (OTC: SVIN) berichtete über die Ergebnisse des ersten Quartals des Geschäftsjahres 2025, die einen Rückgang der Gesamterträge um 4% auf 15,0 Millionen Dollar zeigen. Trotz herausfordernder Marktbedingungen erzielte das Unternehmen einen Zuwachs von 1% im Verpackungsverkaus auf 11,0 Millionen Dollar und einen Zuwachs von 12% bei den Erlösen aus der Weinverarbeitung und Lagerung auf 1,1 Millionen Dollar. Die Bruttomargen verbesserten sich auf 26% von 21% im Vorjahr. Die Kostensenkungsmaßnahmen des Unternehmens führten zu einem Rückgang der Vertriebs- und Marketingkosten sowie allgemeiner Verwaltungskosten um 10%. Bemerkenswerterweise erkannte Scheid 3,6 Millionen Dollar aus einer aufgelösten Weinverarbeitungsvereinbarung an. Trotz eines Anstiegs der Zinsaufwendungen um 27% berichtete das Unternehmen von einem Nettoeinkommen von 0,9 Millionen Dollar, im Vergleich zu einem Nettoverlust von 2,4 Millionen Dollar im gleichen Zeitraum des Vorjahres. Das EBITDA verbesserte sich erheblich auf 4,5 Millionen Dollar nach einem Verlust von 0,1 Millionen Dollar.
- 4% increase in total revenues to $15.0 million
- 1% increase in cased goods sales to $11.0 million
- 12% increase in winery processing and storage revenues to $1.1 million
- Gross margins improved to 26% from 21% in the previous year
- 10% decrease in both sales and marketing expenses and general and administrative expenses
- $3.6 million revenue recognized from dissolved winery processing agreement
- Net income of $0.9 million compared to a net loss of $2.4 million in the same period last year
- EBITDA improved to $4.5 million from a loss of $0.1 million
- 27% increase in interest expense to $1.9 million due to higher interest rates
- Challenging market conditions for both cased goods and bulk wine
- Execution of forbearance agreements with lenders, indicating potential financial difficulties
Scott Scheid, President and CEO, commented, "There's no doubt that it's been a challenging market for both cased goods and bulk wine. I'm proud of the significant efforts our team has undertaken to do more with less, highlighted by our first quarter results showing a modest increase in sales of
Mr. Scheid continued, "We've also made progress with our lenders and recently executed forbearance agreements with both of them. We are working diligently with them to provide a consistent flow of information as we seek to extend the forbearance period beyond its initial term of July 31, 2024."
Financial Results
Total revenues increased
Sales and marketing expenses decreased
During the first quarter of fiscal 2025, the Company recognized revenue of
Interest expense rose
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to
In total, the Company reported net income of
SCHEID VINEYARDS INC. AND SUBSIDIARY | ||||||||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||
THREE MONTHS ENDED MAY 31, 2024 AND 2023 | ||||||||||||||
(amounts in thousands, except per share data) | ||||||||||||||
Three Months Ended May 31, | ||||||||||||||
2024 | 2023 | |||||||||||||
REVENUES: | ||||||||||||||
Cased goods sales | $ | 11,006 | $ | 10,886 | ||||||||||
Bulk wine sales | 1,769 | 1,801 | ||||||||||||
Winery processing and storage revenues | 1,131 | 787 | ||||||||||||
Direct sales revenues | 936 | 869 | ||||||||||||
Other revenues | 103 | 96 | ||||||||||||
Total revenues | 14,945 | 14,439 | ||||||||||||
COST OF SALES | (11,083) | (11,349) | ||||||||||||
GROSS PROFIT | 3,862 | 3,090 | ||||||||||||
Sales and marketing expenses | (2,686) | (3,017) | ||||||||||||
General and administrative expenses | (1,689) | (1,934) | ||||||||||||
LOSS FROM OPERATIONS | (513) | (1,861) | ||||||||||||
Interest expense, net | (1,946) | (1,485) | ||||||||||||
Proceeds from contract dissolution | 3,613 | — | ||||||||||||
Gain on sale of equipment | 27 | 79 | ||||||||||||
INCOME (LOSS) BEFORE (PROVISION FOR) BENEFIT FROM INCOME TAXES | 1,181 | (3,267) | ||||||||||||
(PROVISION FOR) BENEFIT FROM INCOME TAXES | (331) | 903 | ||||||||||||
NET INCOME (LOSS) | $ | 850 | $ | (2,364) | ||||||||||
INCOME (LOSS) PER SHARE | $ | 0.93 | $ | (2.59) | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | 917 | 914 | ||||||||||||
About Scheid Family Wines
Scheid Family Wines, a family-owned and operated wine company for over 50 years, is ranked among the top 25 largest wine producers in
Please visit www.scheidfamilywines.com and www.otcmarkets.com/stock/SVIN/quote for more information.
CONTACT: | Scott Scheid, President and CEO, scott.scheid@scheidfamilywines.com |
Mike Thomsen, Chief Financial Officer, mike.thomsen@scheidfamilywines.com |
View original content:https://www.prnewswire.com/news-releases/scheid-family-wines-reports-first-quarter-fiscal-2025-results-302204795.html
SOURCE Scheid Family Wines
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