Category Archives: Earnings Report

Budvar Says Exports Rose a Record 11% in 2021

Posted on June 13, 2022 by Joel Whitaker

Budejovicky Budvar NP, a 126-year-old state-owned brewery in Prague, Czech Republic, said its exports reached 34.3 million gallons.  All its major markets — including Britain, Slovakia and Germany, contributed to the increased sales.  Sales in Germany reached 13.2 million gallons … Continue reading →

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Brown-Forman FY 2022 Sales Jumped 14%, Net Eases 7%

Posted on June 8, 2022 by Joel Whitaker

Brown-Forman Corp. reports sales for fiscal 2022, ended April 30, jumped 14% to $3.933 billion but net profit for the full year fell 7% to $838 million, or $1.75 a share, from $903 million, or $1.89 a share.  Brown-Forman blamed … Continue reading →

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Vintage Wine Estates Sales Up 68%, Reverses Loss

Posted on May 17, 2022 by Joel Whitaker

Vintage Wine Estates reports a 68% growth (organic, up 44%) in revenue, or $32 million.  Acquisitions represented $11.4 million of that revenue. VWE earned $2.8 million, or  5 cents a share, in the FY 2022 fiscal quarter.  A year earlier … Continue reading →

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Eastside Distilling Net Sales Jump 19%, But Firm Swings to a Loss

Posted on May 16, 2022 by Joel Whitaker

Eastside Distilling Inc., Portland, Ore.,  reports net sales rose 18.8% to $3.74 million, but its year-earlier profit of $3.7 million was transmuted into a $2.07 million loss.  The company’s earnings release did not explain the cause of the loss. , … Continue reading →

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Inventory Woes Push Willamette Valley Vineyards to a Loss

Posted on May 13, 2022 by Joel Whitaker

Willamette Valley Vineyards Inc. reports a net loss in the first quarter of $98,942 on sales of $6.2 million.  The company attributed the loss to “unforeseen inventory delays”  and said it expects supply interruptions, higher supply costs and labor shortages … Continue reading →

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Winc Revenue Rises 5.7%, Firm Swings to Loss

Posted on May 12, 2022 by Joel Whitaker

Winc. Inc. said its net revenue in the first quarter rose 5.7% to $18.5 million as wholesale revenue increased 75.1% to $5 million but DTC revenue eased 6.7% to $13.3 million.  The first reported a net loss for the quarter … Continue reading →

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