Vintage Wine Estates, Inc. - VWE STOCK NEWS

Vintage Wine Estates (Nasdaq: VWE) announced that its warrants will start trading on the Nasdaq Capital Market under the ticker VWEWW. This move comes as the company plans to voluntarily delist its Common Share purchase warrants from the Toronto Stock Exchange, aiming to improve market liquidity and transparency. Vintage Wine Estates is a leading U.S. wine producer, focusing primarily on the fast-growing premium wine segment, offering over 50 brands ranging from $10 to $150.

Vintage Wine Estates (NASDAQ: VWE) has acquired Meier's Wine Cellars based in Silverton, Ohio, valued at approximately eight times Meier's 2021 adjusted EBITDA. Meier's generated around $18 million in revenue in 2021 and is known for its custom beverage production capabilities. This acquisition enhances VWE's production capacity, supply chain efficiencies, and access to key markets in the Midwest, Northeast, and Southeast. It also supports VWE's expansion plans for ready-to-drink beverages, including ACE Cider products.

Vintage Wine Estates (NASDAQ: VWE) announced its participation in the 2022 ICR Conference, taking place on January 11, 2022. The company will host a fireside chat starting at 3:30 p.m. Eastern Time, which can be viewed live and later replayed on their Investor Relations website. As the 15th largest wine producer in the U.S., VWE sells over two million cases annually, emphasizing a premium wine segment. VWE operates across diverse price points and brands, primarily focusing on wines priced between $10 and $20, while enhancing customer experiences through a balanced omni-channel strategy.

Vintage Wine Estates (NASDAQ: VWE) has reached a significant milestone with its Angels Share campaign, donating over one million meals to combat food insecurity in the U.S. Since its inception eight years ago, the initiative has partnered with the Redwood Empire Food Bank and various other organizations across states like Colorado and Maryland. In a recent event, the company packed 3,000 food boxes for local distribution, continuing its commitment to support communities during challenging times.

Vintage Wine Estates (NASDAQ: VWE) has announced the acquisition of ACE Cider, expected to close on November 16, 2021. This strategic move enhances VWE's ready-to-drink (RTD) category and opens new distribution channels. ACE Cider, based in Sebastopol, California, produces nearly 90,000 barrels annually and has generated over $20 million in revenue with a double-digit growth rate over five years. The acquisition adds over one million cases to VWE's annual sales volume, positioning it for expanded market share and customer reach.

Vintage Wine Estates (VWE) has increased its fiscal 2022 revenue guidance to between $265 million and $275 million, reflecting growth driven by recent acquisitions and strong direct-to-consumer sales. The company's adjusted EBITDA is projected to be between $63 million and $65 million, marking a 63% year-over-year increase. Challenges related to supply chain constraints, notably a $7 million shortfall in B2B shipments, were reported. Despite these issues, gross profit rose to $23.4 million, with gross margins expanding to 42.1%.

Vintage Wine Estates (NASDAQ: VWE) is participating in the Jefferies Virtual West Coast Consumer Conference on November 16, 2021, at 3:40 p.m. ET. The event will feature a fireside chat, which will be web streamed live and available for replay on the Company’s Investor Relations page. As the 15th largest U.S. wine producer, VWE sells over two million cases annually and focuses on premium wines priced between $12 to $20. With over 50 diverse brands, the Company utilizes a balanced omni-channel strategy to reach customers and enhance their wine experience.

Vintage Wine Estates (VWE) will release its first quarter fiscal year 2022 results on November 15, 2021, after market close. The company, a rapidly growing U.S. wine producer, plans a conference call at 4:45 p.m. ET to discuss financial performance and corporate strategy. VWE ranks as the 15th largest wine producer in the U.S., selling over two million cases annually with a focus on the premium wine segment. The company maintains a balanced omni-channel strategy, marketing over 50 brands mainly priced between $12 and $20.

Vintage Wine Estates (NASDAQ: VWE) has partnered with Kevin O’Leary, known as “Mr. Wonderful,” to launch Shop Mr. Wonderful, a lifestyle platform. This new venture features over 55 curated wines from Vintage Wine Estates’ family, along with a weekly product spotlight by O’Leary. Customers can engage with O’Leary through an 'Ask Kevin' feature and access insights via a dedicated blog. The site aims to enhance the customer experience, promoting affordable luxury products while expanding Vintage Wine Estates' market presence.