WBEV - WBEV STOCK NEWS

Winc (WBEV) reported stable total net revenues of $17.6 million for Q2 2022, a slight decline from $17.7 million in Q2 2021. Wholesale revenues surged 32.3% to $6.3 million, while DTC revenues dropped by 11.8% to $11.1 million. The net loss was $4.0 million, a minor increase from $3.9 million in the previous year. Gross profit rose 4.8% to $7.7 million, with a gross margin of 43.5%. Operating expenses increased by 13.6%, driven by public company costs. As of June 30, 2022, cash remained at $4.9 million, with $5.4 million outstanding under the line of credit.

Winc, a company traded under the ticker WBEV, has announced its plans to release financial results for the second quarter of 2022 on August 11, 2022, prior to market opening. An associated conference call will take place at 11:00 a.m. ET on the same day to discuss these results. Winc positions itself as a unique platform for growing alcoholic beverage brands, leveraging a data-driven approach and an omni-channel distribution strategy to lead in the industry.

Winc (NYSE American: WBEV) announced that its Summer Water Rosé's 2021 vintage received 91 points from Wine Enthusiast and was named an "Editor's Choice" in their 2022 Buying Guide. This recognition highlights Summer Water as the #1 selling domestic premium rosé, priced at $19.99. The wine, known for its fresh, vibrant flavors, has previously earned a 92-point rating in 2020. Winc's transition from an ecommerce startup to a producer of acclaimed wines is underscored by customer feedback and industry acknowledgment, indicating strong potential for growth in its portfolio.

Winc reported a 5.7% increase in total net revenues to $18.5 million for Q1 2022, driven largely by a 75.1% surge in wholesale revenues to $5 million. However, DTC revenues fell by 6.7% to $13.3 million. The company incurred a net loss of $4.2 million, down from net income of $0.6 million a year prior. Adjusted EBITDA loss grew to $3.1 million. While gross profit decreased by 5.1% to $7.4 million, management noted a 42.6% increase in core brand case volume and a 36% reduction in marketing expenses. As of March 31, 2022, cash stood at $4.3 million, with $5 million borrowed under a line of credit.

Winc, one of the fastest-growing beverage companies in the U.S., has announced it will report its first-quarter 2022 financial results on May 11, 2022, post-market. A conference call and webcast will follow at 5:00 p.m. ET the same day. Interested investors can access the call via a provided phone number or through the company's investor relations website. Winc aims to lead the alcoholic beverage industry through a data-driven brand development strategy and omni-channel distribution. The company trades under the ticker WBEV on the NYSE American.

Winc, trading under the ticker WBEV, announced that Summer Water will be the official wine for the Hollywood Bowl for the sixth year and will debut at the Governors Ball Music Festival. This expansion also includes availability at major retailers like Walmart, Trader Joe's, and Whole Foods. The Hollywood Bowl is a premier venue in Southern California, hosting renowned artists. The Governors Ball Music Festival attracts diverse musical acts, enhancing Summer Water's national presence.

Winc (NYSE American: WBEV) has launched Wonders, a no sugar, organic wine brand, expanding its portfolio to capture the growing organic wine market, valued at USD 8.9B in 2021. The brand includes red, white, and rosé varietals, with plans for sales on Winc.com and in stores. Previously known as Wonderful Wine Co, Wonders sold over 17,000 cases through retailers like Walmart and HEB. Winc aims to enhance its offerings based on consumer feedback, reflecting a commitment to organic and sustainable products.

Winc (NYSE: WBEV) reported its financial results for Q4 and full-year 2021, showing a 4.5% increase in total net revenues to $18.5 million for Q4, with wholesale revenues soaring 152% to $3.9 million. However, the DTC segment saw a 7.0% decline to $14.4 million. The net loss expanded from $1.9 million in Q4 2020 to $5.6 million in Q4 2021. For the full year, total revenues rose 11.4% to $72.1 million, but the annual net loss increased to $14.6 million. Despite challenges, Winc experienced significant growth in wholesale, retail accounts, and core brand sales.

Winc, a leading beverage company in the U.S., will release its fourth-quarter and full-year 2021 financial results on March 29, 2022, after market close. A conference call and webcast are scheduled for 5:00 p.m. ET on the same day. Winc utilizes a digital-first marketing strategy, including its platform Winc.com, to enhance e-commerce and customer engagement. The company is known for its rapid growth and diverse brand portfolio, supported by a robust omni-channel distribution network.