Welcome to our dedicated page for Vintage Wine Estates news (Ticker: VWE), a resource for investors and traders seeking the latest updates and insights on Vintage Wine Estates stock.
Vintage Wine Estates, Inc. (VWE) is a distinguished collection of vintner family-owned winery estates and brands headquartered in Santa Rosa, California. As an industry leader, Vintage Wine Estates excels across all sales channels, offering wine consumers a diverse range of selections priced from $10 to $150. The company’s portfolio includes renowned wineries such as Clos Pegase, Cosentino Winery, Girard Winery, Viansa Sonoma, Windsor Vineyards, B.R. Cohn Winery, Cartlidge & Browne, Sonoma Coast Vineyards, Ray’s Station, Swanson Winery, Cameron Hughes Wines, Middle Sister, Wine Sisterhood, Pro-mis-Q-ous, Monogamy, Girl & Dragon, Purple Cowboy, and several exclusive wine brands.
Vintage Wine Estates is committed to delivering exceptional customer service, which is a core aspect of their corporate culture. This dedication extends to both external and internal customers, ensuring a seamless and enjoyable experience for all. The company prides itself on being a dynamic and growing organization, valuing entrepreneurial spirit and collaborative teamwork.
The company's operations span across prominent wine-producing regions including Napa, Sonoma, California's Central Coast, Oregon, and Washington State. This extensive reach enables Vintage Wine Estates to produce top-quality wines and create unforgettable customer experiences.
In recent years, Vintage Wine Estates has continued to grow by focusing on strategic partnerships, innovative projects, and maintaining robust financial health. Despite being privately held, the company's performance in the wine industry is notable, and it remains a sought-after name among wine enthusiasts and investors alike. For more information or to explore career opportunities, visit Vintage Wine Estates Careers.
Vintage Wine Estates (Nasdaq: VWE, VWEWW) has launched NexDrinx, a new product line focused on alternative beverages. This initiative aims to diversify its offerings while leveraging synergies with its existing wine business. Led by Tracey Mason, the portfolio includes ACE Cider and the newly acquired Gem + Jane, targeting the growing market of non-alcoholic beverages. The company aims to launch alcohol-removed, hemp-CBD-infused products by late 2022, enhancing its market presence.
Vintage Wine Estates, Inc. (NASDAQ: VWE, VWEWW) will release its third quarter fiscal year 2022 results on May 16, 2022, after market close. The company, noted for its direct-to-consumer sales strategy, ranks as the 15th largest wine producer in the U.S., selling over two million nine-liter equivalent cases annually. A conference call will follow the results announcement, featuring discussions on financial performance and strategic outlook. For those interested in listening, details for the call and replay options are provided.
Vintage Wine Estates (Nasdaq: VWE) President Terry Wheatley has been recognized in WORTH Magazine's 2022 Groundbreakers List, highlighting influential women of the year. Wheatley, the first female president of a multimillion-dollar wine company, aims to empower more women while driving the company’s growth. Vintage Wine Estates is among the largest wine producers in the U.S., with over 2 million cases sold annually and a diverse portfolio of over 50 brands. This recognition emphasizes Wheatley's leadership in a challenging environment, showcasing the company’s commitment to innovation.
Vintage Wine Estates (Nasdaq: VWE) has launched a partnership with Travel + Leisure Group, introducing two exclusive wine clubs. These clubs provide access to selections from over 25 wineries in renowned regions including Napa and Sonoma. Members will receive quarterly shipments featuring curated wines and estate experiences, along with a Wine Concierge Service for booking and expert assistance. Vintage Wine Estates continues to grow as a top U.S. wine producer, selling over 2 million cases annually with a diverse portfolio across various price points.
Travel + Leisure Group has launched travelandleisurewine.com, offering a wine club membership with curated experiences and an online bottle shop in partnership with Vintage Wine Estates (Nasdaq: VWE). Members gain access to exclusive tours and complimentary tastings at 12 wineries across Napa Valley, Oregon, and Washington. This collaboration aims to enhance customer engagement through curated wines from over 25 vineyards, catering to wine enthusiasts seeking quality experiences.
Vintage Wine Estates (NASDAQ: VWE, VWEWW) has launched the Shareholder Passport Program in collaboration with Stockperks. This program offers significant benefits for shareholders, including discounts, exclusive events, and a concierge service for those holding 500 or more shares. The initiative aims to foster community engagement among retail investors who share a passion for wine. VWE, recognized as one of the fastest-growing wine producers in the U.S., continues to innovate in investor relations.
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) announced a stock repurchase plan for up to $30 million through September 8, 2022. CEO Pat Roney expressed confidence in the stock's current value and the company’s strategic execution. The buyback reflects the Board's commitment to enhancing shareholder value amid favorable market conditions. Executions will depend on various factors, including stock price and market conditions, with no guaranteed number of shares to be repurchased.
Vintage Wine Estates has announced significant changes in its leadership to support growth strategies. Katherine DeVillers has been appointed as Executive Vice President of Acquisition Integrations, while Kristina Johnston joins as Chief Financial Officer effective March 7, 2022. This restructuring aims to enhance operational efficiency and strengthen the company's financial team. Zach Long was promoted to Senior Vice President of Winemaking, and Courtney Prose is now Vice President of Supply Chain. The CEO emphasized the importance of investing in talent to maintain growth momentum.
Vintage Wine Estates, Inc. (Nasdaq: VWE, VWEWW) has announced its decision to voluntarily delist its common shares and warrants from the Toronto Stock Exchange (TSX) effective March 7, 2022. The company cites inadequate trading volume on the TSX as the reason for the delisting, stating that the move will help reduce expenses and allow for reallocation of resources to further business advancement. VWE's shares will continue to be traded on the Nasdaq Global Market, ensuring continued market liquidity for shareholders.
Vintage Wine Estates reported a net income of $8.6 million, or $0.14 per diluted share, for Q2 FY2022, with adjusted EPS at $0.17. The company's adjusted EBITDA grew 137% to $20.2 million, accounting for 24.2% of revenue. Strong performances from DTC and B2B channels, with revenue growth of 50.8% and 22.2% respectively, were noted. VWE raised its fiscal 2022 revenue guidance to between $275 million and $285 million, with adjusted EBITDA anticipated between $63 million and $66 million.
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