Willamette Valley Vineyards reports a profit of $595,748, or 12 cents a share, in the third quarter of 2019, up from $385,199, or 8 cents a share, a year earlier.
Sales rose 23.8% to $6,758,367 a 23/8% increase from $5,461,039 in the like year-earlier period. This increase was caused by an increase in direct sales of $49,535 and an increase in sales through distributors of $1,247,793. The increase in revenue from sales through distributors was partially the result of timing attributed to recovering lower sales from quarter 2 in quarter 3.
“We had a strong quarter as we recovered from the problems executing distribution in Oregon and Washington in the second quarter,” said Jim Bernau, founder/president.