Willamette Valley Vineyards reports sales rose 6.2% in the third quarter to $5.5 million, but net profit after tax fell 10% to $385,199, or 8 cents a share.
The gain in sales was a result of increased direct sales of $70,285 and increased sales through distributors of $247,183, the company said. Selling, general and administrative costs rose 12.5%, primarily the result of increases in staffing, marketing, long-term planning and development activities and costs associated with operating a new retail outlet in Walla Walla in 2018.
Jim Bernau, founder/president, said “We will continue to promote and protect the integrity of our wines, AVAs and the Oregon wine industry from competitive forces. Oregon’s standards and values have been key to building our Oregon wine industry’s success and will continue to be paramount for years to come.”