SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTS
Scheid Family Wines (SVIN) reported financial results for Q2 FY2025, showing continued challenges in the wine industry. Total revenues decreased 6% to $26.1 million, with cased goods sales down 6% to $21.2 million and bulk wine sales down 14% to $1.8 million. The company reduced sales and marketing expenses by 16% and G&A expenses by 5%. Despite cost-cutting efforts, interest expense rose 150% to $7.5 million. The company secured new forbearance agreements through July 2025, including a $5.0 million working capital boost. EBITDA improved to $4.4 million from a $1.2 million loss, aided by land sale and contract dissolution proceeds. Net loss was $3.9 million compared to $4.8 million in the previous year.
Scheid Family Wines (SVIN) ha riportato i risultati finanziari per il secondo trimestre dell'anno fiscale 2025, evidenziando continue difficoltà nel settore vinicolo. I ricavi totali sono diminuiti del 6% a 26,1 milioni di dollari, con le vendite di beni in bottiglia scese del 6% a 21,2 milioni di dollari e le vendite di vino sfuso diminuite del 14% a 1,8 milioni di dollari. L'azienda ha ridotto le spese di vendita e marketing del 16% e le spese generali e amministrative del 5%. Nonostante gli sforzi di riduzione dei costi, le spese per interessi sono aumentate del 150% a 7,5 milioni di dollari. L'azienda ha ottenuto nuovi accordi di sospensione fino a luglio 2025, incluso un aumento di capitale circolante di 5,0 milioni di dollari. L'EBITDA è migliorato a 4,4 milioni di dollari, rispetto a una perdita di 1,2 milioni di dollari, grazie ai proventi dalla vendita di terreni e dalla risoluzione di contratti. La perdita netta è stata di 3,9 milioni di dollari rispetto ai 4,8 milioni di dollari dell'anno precedente.
Scheid Family Wines (SVIN) informó los resultados financieros para el segundo trimestre del año fiscal 2025, mostrando desafíos continuos en la industria del vino. Los ingresos totales disminuyeron un 6% a 26,1 millones de dólares, con ventas de productos embotellados que cayeron un 6% a 21,2 millones de dólares y ventas de vino a granel que se redujeron un 14% a 1,8 millones de dólares. La empresa redujo los gastos de ventas y marketing en un 16% y los gastos generales y administrativos en un 5%. A pesar de los esfuerzos de reducción de costos, los gastos por intereses aumentaron un 150% a 7,5 millones de dólares. La compañía aseguró nuevos acuerdos de moratoria hasta julio de 2025, incluido un aumento de capital de trabajo de 5,0 millones de dólares. El EBITDA mejoró a 4,4 millones de dólares desde una pérdida de 1,2 millones de dólares, gracias a los ingresos de la venta de terrenos y la disolución de contratos. La pérdida neta fue de 3,9 millones de dólares en comparación con los 4,8 millones de dólares del año anterior.
셰이드 패밀리 와인즈 (SVIN)는 2025 회계연도 2분기 재무 실적을 보고하며 와인 산업에서의 지속적인 도전 과제를 나타냈습니다. 총 수익은 6% 감소하여 2610만 달러에 이르렀고, 병입 상품 판매는 6% 감소하여 2120만 달러, 벌크 와인 판매는 14% 감소하여 180만 달러에 달했습니다. 이 회사는 판매 및 마케팅 비용을 16% 줄였고, 일반 관리 비용도 5% 줄였습니다. 비용 절감 노력에도 불구하고 이자 비용은 150% 증가하여 750만 달러에 달했습니다. 이 회사는 2025년 7월까지 새로운 유예 계약을 확보했으며, 500만 달러의 운전 자본 증액을 포함했습니다. EBITDA는 토지 매각 및 계약 해소 수익 덕분에 120만 달러의 손실에서 440만 달러로 개선되었습니다. 순손실은 전년의 480만 달러에 비해 390만 달러였습니다.
Scheid Family Wines (SVIN) a communiqué ses résultats financiers pour le deuxième trimestre de l'exercice 2025, montrant des défis persistants dans l'industrie viticole. Les revenus totaux ont diminué de 6 % pour atteindre 26,1 millions de dollars, avec des ventes de produits en bouteille en baisse de 6 % à 21,2 millions de dollars et des ventes de vin en vrac en baisse de 14 % à 1,8 million de dollars. L'entreprise a réduit ses dépenses de vente et de marketing de 16 % et ses dépenses générales et administratives de 5 %. Malgré les efforts de réduction des coûts, les charges d'intérêts ont augmenté de 150 % pour atteindre 7,5 millions de dollars. L'entreprise a sécurisé de nouveaux accords de suspension jusqu'en juillet 2025, y compris un renforcement de 5,0 millions de dollars du fonds de roulement. L'EBITDA s'est amélioré à 4,4 millions de dollars contre une perte de 1,2 million de dollars, grâce aux produits de la vente de terrains et de la dissolution de contrats. La perte nette a été de 3,9 millions de dollars par rapport à 4,8 millions de dollars l'année précédente.
Scheid Family Wines (SVIN) berichtete über die finanziellen Ergebnisse für das 2. Quartal des Geschäftsjahres 2025 und zeigte weiterhin Herausforderungen in der Weinindustrie. Der Gesamtumsatz sank um 6% auf 26,1 Millionen Dollar, mit einem Rückgang der Verkäufe von Flaschenwaren um 6% auf 21,2 Millionen Dollar und einem Rückgang der Verkäufe von Schüttwein um 14% auf 1,8 Millionen Dollar. Das Unternehmen reduzierte die Verkaufs- und Marketingausgaben um 16% und die allgemeinen Verwaltungskosten um 5%. Trotz der Bemühungen zur Kostensenkung stiegen die Zinsaufwendungen um 150% auf 7,5 Millionen Dollar. Das Unternehmen sicherte sich neue Stundungsvereinbarungen bis Juli 2025, einschließlich einer Erhöhung des Betriebskapitals um 5,0 Millionen Dollar. Das EBITDA verbesserte sich auf 4,4 Millionen Dollar von einem Verlust von 1,2 Millionen Dollar, unterstützt durch Erlöse aus dem Verkauf von Grundstücken und der Auflösung von Verträgen. Der Nettverlust betrug 3,9 Millionen Dollar im Vergleich zu 4,8 Millionen Dollar im Vorjahr.
- Reduced sales and marketing expenses by 16% to $4.8 million
- Decreased G&A expenses by 5% to $3.5 million
- Received additional $5.0 million working capital from lenders
- EBITDA improved to $4.4 million from -$1.2 million
- Secured forbearance agreements through July 2025
- Total revenues declined 6% to $26.1 million
- Cased goods sales decreased 6% to $21.2 million
- Bulk wine sales dropped 14% to $1.8 million
- Interest expense increased 150% to $7.5 million
- Net loss of $3.9 million for the period
- Operating under forbearance agreements due to financial difficulties
Scott Scheid, President and CEO, commented, "It continues to be a difficult time for the wine industry. Bulk wine prices remain depressed and the market for cased goods, which has been impacted by distributor and retailer destocking, continues to be challenging. As a company, we've made significant efforts to do more with less, highlighted by our second quarter results showing a decrease of
Mr. Scheid continued, "We recently executed new forbearance agreements with our lenders extending through July 31, 2025. The terms of these agreements include forbearing interest and principal payments on the Company's existing debt. In addition, under the agreement with our operating lender, the Company received an additional
Financial Results
Total revenues decreased
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 a net loss of
SCHEID VINEYARDS INC. AND SUBSIDIARY UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS SIX MONTHS ENDED AUGUST 31, 2024 AND 2023 (amounts in thousands, except per share data) | |||||||||||
Six Months Ended August 31, | |||||||||||
2024 | 2023 | ||||||||||
REVENUES: | |||||||||||
Cased goods sales | $ | 21,233 | $ | 22,539 | |||||||
Bulk wine sales | 1,826 | 2,145 | |||||||||
Winery processing and storage revenues | 1,508 | 1,451 | |||||||||
Direct sales revenues | 1,340 | 1,329 | |||||||||
Vineyard management revenues | 203 | 229 | |||||||||
Other revenues | 7 | 5 | |||||||||
Total revenues | 26,117 | 27,698 | |||||||||
COST OF SALES | (20,962) | (22,121) | |||||||||
GROSS PROFIT | 5,155 | 5,577 | |||||||||
Sales and marketing expenses | (4,790) | (5,696) | |||||||||
General and administrative expenses | (3,545) | (3,674) | |||||||||
LOSS FROM OPERATIONS | (3,180) | (3,793) | |||||||||
Interest expense, net | (7,489) | (3,008) | |||||||||
Proceeds from contract dissolution | 3,613 | — | |||||||||
Gain on sale of property, plant and equipment | 1,690 | 80 | |||||||||
Other income (loss) | 2 | (40) | |||||||||
LOSS BEFORE BENEFIT FROM INCOME TAXES | (5,364) | (6,761) | |||||||||
BENEFIT FROM INCOME TAXES | 1,509 | 1,915 | |||||||||
NET LOSS | $ | (3,878) | $ | (4,846) | |||||||
NET LOSS PER SHARE | $ | (4.23) | $ | (5.31) | |||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | 916 | 912 | |||||||||
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-second-quarter-fiscal-2025-results-302316784.html
SOURCE Scheid Family Wines
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