SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2025 RESULTS
Scheid Family Wines (SVIN) reported financial results for Q3 fiscal 2025, showing significant revenue decline and increased losses. Total revenues dropped 17% to $43.3 million, with cased goods sales down 6% to $32.2 million. The company faced multiple challenges including:
- Bulk wine sales decreased 22% to $2.1 million
- Grape sales fell 23% to $1.0 million
- Winery processing revenues declined 50% to $5.2 million
- Gross margins decreased to 26% from 30%
- Interest expense surged 146% to $11.8 million
The company reported a net loss of $6.8 million compared to $1.8 million loss in the previous year. EBITDA increased to $8.5 million from $6.2 million, primarily due to one-time gains from a processing agreement termination ($3.6 million) and land sale ($1.7 million). The 2024 harvest yields were approximately 15% below the company's five-year average.
Scheid Family Wines (SVIN) ha riportato i risultati finanziari per il terzo trimestre dell'esercizio fiscale 2025, mostrando un significativo calo dei ricavi e un aumento delle perdite. I ricavi totali sono diminuiti del 17% a 43,3 milioni di dollari, con le vendite di prodotti imbottigliati in calo del 6% a 32,2 milioni di dollari. L'azienda ha affrontato molteplici sfide tra cui:
- Le vendite di vino sfuso sono diminuite del 22% a 2,1 milioni di dollari
- Le vendite di uva sono calate del 23% a 1,0 milione di dollari
- I ricavi dalla lavorazione in cantina sono scesi del 50% a 5,2 milioni di dollari
- I margini lordi sono diminuiti al 26% rispetto al 30%
- Le spese per interessi sono aumentate del 146% a 11,8 milioni di dollari
L'azienda ha riportato una perdita netta di 6,8 milioni di dollari rispetto a una perdita di 1,8 milioni di dollari dell'anno precedente. L'EBITDA è aumentato a 8,5 milioni di dollari rispetto ai 6,2 milioni di dollari, principalmente a causa di guadagni una tantum derivanti dalla risoluzione di un accordo di lavorazione (3,6 milioni di dollari) e dalla vendita di terreni (1,7 milioni di dollari). I rendimenti della vendemmia 2024 sono stati circa il 15% al di sotto della media quinquennale dell'azienda.
Scheid Family Wines (SVIN) informó los resultados financieros del tercer trimestre del año fiscal 2025, mostrando una disminución significativa en los ingresos y un aumento de las pérdidas. Los ingresos totales cayeron un 17% a 43,3 millones de dólares, con las ventas de bienes envasados disminuyendo un 6% a 32,2 millones de dólares. La empresa enfrentó múltiples desafíos, incluyendo:
- Las ventas de vino a granel cayeron un 22% a 2,1 millones de dólares
- Las ventas de uvas cayeron un 23% a 1,0 millón de dólares
- Los ingresos por procesamiento en bodega cayeron un 50% a 5,2 millones de dólares
- Los márgenes brutos disminuyeron al 26% desde el 30%
- Los gastos por intereses aumentaron un 146% a 11,8 millones de dólares
La empresa reportó una pérdida neta de 6,8 millones de dólares en comparación con una pérdida de 1,8 millones de dólares en el año anterior. El EBITDA aumentó a 8,5 millones de dólares desde 6,2 millones de dólares, principalmente debido a ganancias extraordinarias de la terminación de un acuerdo de procesamiento (3,6 millones de dólares) y de la venta de terrenos (1,7 millones de dólares). Los rendimientos de la cosecha de 2024 fueron aproximadamente un 15% inferiores a la media de cinco años de la empresa.
쉐이드 패밀리 와인 (SVIN)은 2025 회계 연도 3분기 재무 결과를 발표하며 상당한 수익 감소와 손실 증대를 보여주었습니다. 총 수익은 17% 감소하여 4,330만 달러에 이르렀고, 포장 제품 판매는 6% 감소하여 3,220만 달러에 도달했습니다. 회사는 다음과 같은 여러 가지 도전에 직면했습니다:
- 벌크 와인 판매는 22% 감소하여 210만 달러
- 포도 판매는 23% 감소하여 100만 달러
- 와인 양조 처리 수익은 50% 감소하여 520만 달러
- 총 이익률은 30%에서 26%로 감소
- 이자 비용은 146% 증가하여 1,180만 달러
회사는 전년도의 180만 달러 손실에 비해 680만 달러의 순손실을 보고했습니다. EBITDA는 620만 달러에서 850만 달러로 증가했으며, 이는 주로 처리가의 종료로 인한 일회성 수익 (360만 달러) 및 토지 판매 (170만 달러) 때문입니다. 2024년 수확량은 회사의 5년 평균보다 약 15% 낮았습니다.
Scheid Family Wines (SVIN) a annoncé des résultats financiers pour le troisième trimestre de l'exercice 2025, affichant une baisse significative des revenus et une augmentation des pertes. Les revenus totaux ont chuté de 17 % à 43,3 millions de dollars, avec des ventes de produits en bouteille en baisse de 6 % à 32,2 millions de dollars. L'entreprise a été confrontée à de multiples défis, notamment :
- Les ventes de vin en vrac ont diminué de 22 % à 2,1 millions de dollars
- Les ventes de raisins ont chuté de 23 % à 1,0 million de dollars
- Les revenus du traitement en cave ont baissé de 50 % à 5,2 millions de dollars
- Les marges brutes ont diminué à 26 % contre 30 %
- Les charges d'intérêts ont augmenté de 146 % à 11,8 millions de dollars
L'entreprise a enregistré une perte nette de 6,8 millions de dollars par rapport à une perte de 1,8 million de dollars l'année précédente. L'EBITDA a augmenté à 8,5 millions de dollars contre 6,2 millions de dollars, principalement en raison de gains exceptionnels provenant de la résiliation d'un contrat de traitement (3,6 millions de dollars) et de la vente de terrains (1,7 million de dollars). Les rendements des récoltes de 2024 étaient d'environ 15 % inférieurs à la moyenne quinquennale de l'entreprise.
Scheid Family Wines (SVIN) hat die Finanzzahlen für das dritte Quartal des Geschäftsjahres 2025 veröffentlicht, die einen signifikanten Rückgang der Einnahmen und gestiegene Verluste zeigen. Die Gesamteinnahmen sanken um 17% auf 43,3 Millionen Dollar, wobei der Umsatz mit verpackten Waren um 6% auf 32,2 Millionen Dollar zurückging. Das Unternehmen sah sich mehreren Herausforderungen gegenüber, darunter:
- Der Verkauf von Bulk-Wein fiel um 22% auf 2,1 Millionen Dollar
- Der Verkauf von Trauben sank um 23% auf 1,0 Millionen Dollar
- Die Einnahmen aus der Verarbeitung in der Weinkellerei verringerten sich um 50% auf 5,2 Millionen Dollar
- Die Bruttomargen gingen auf 26% von 30% zurück
- Die Zinsaufwendungen stiegen um 146% auf 11,8 Millionen Dollar
Das Unternehmen berichtete von einem Nettoverlust von 6,8 Millionen Dollar im Vergleich zu einem Verlust von 1,8 Millionen Dollar im Vorjahr. Das EBITDA stieg auf 8,5 Millionen Dollar von 6,2 Millionen Dollar, hauptsächlich aufgrund von einmaligen Gewinnen aus der Beendigung eines Verarbeitungsvertrags (3,6 Millionen Dollar) und dem Verkauf von Grundstücken (1,7 Millionen Dollar). Die Erträge der Ernte 2024 lagen etwa 15% unter dem fünfjährigen Durchschnitt des Unternehmens.
- EBITDA increased to $8.5 million from $6.2 million
- One-time gain of $3.6 million from processing agreement termination
- Additional $1.7 million gain from non-vineyard land sale
- Sales and marketing expenses reduced by 18% to $6.8 million
- General and administrative expenses decreased 6% to $5.0 million
- Total revenues declined 17% to $43.3 million
- Net loss increased to $6.8 million from $1.8 million
- Interest expense surged 146% to $11.8 million due to default rates averaging 14.2%
- Gross margins decreased to 26% from 30%
- Winery processing revenues dropped 50% to $5.2 million
- 2024 harvest yields 15% below five-year average
- Bulk wine market remains oversupplied with reduced prices
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
2024 Harvest Update
The Company's 2024 grape harvest was completed on October 30, 2024. Overall yields were approximately
SCHEID VINEYARDS INC. AND SUBSIDIARY | |||||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||
NINE MONTHS ENDED NOVEMBER 30, 2024 AND 2023 | |||||||||||
(amounts in thousands, except per share data) | |||||||||||
Nine Months Ended November 30, | |||||||||||
2024 | 2023 | ||||||||||
REVENUES: | |||||||||||
Cased goods sales | $ | 32,177 | $ | 35,228 | |||||||
Bulk wine sales | 2,085 | 2,696 | |||||||||
Winery processing and storage revenues | 5,190 | 10,362 | |||||||||
Grape sales | 1,030 | 1,321 | |||||||||
Direct sales revenues | 2,350 | 2,286 | |||||||||
Vineyard management revenues | 467 | 536 | |||||||||
Other revenues | 9 | 10 | |||||||||
Total revenues | 43,308 | 52,439 | |||||||||
COST OF SALES | (31,877) | (36,578) | |||||||||
GROSS PROFIT | 11,431 | 15,861 | |||||||||
Sales and marketing expenses | (6,790) | (8,348) | |||||||||
General and administrative expenses | (4,970) | (5,258) | |||||||||
OPERATING (LOSS) INCOME | (329) | 2,255 | |||||||||
Interest expense, net | (11,783) | (4.787) | |||||||||
Proceeds from termination of processing agreement | 3,613 | — | |||||||||
Gain on sale of property, plant and equipment | 1,715 | 80 | |||||||||
Other income (loss) | 9 | (40) | |||||||||
LOSS BEFORE BENEFIT FROM INCOME TAXES | (6,775) | (2,492) | |||||||||
BENEFIT FROM INCOME TAXES | — | 713 | |||||||||
NET LOSS | $ | (6,775) | $ | (1,779) | |||||||
NET LOSS PER SHARE | $ | (7.39) | $ | (1.94) | |||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | 917 | 915 | |||||||||
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-third-quarter-fiscal-2025-results-302354742.html
SOURCE Scheid Family Wines
FAQ
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