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SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2025 RESULTS

Mon, 20 Jan 2025 09:00:00 -0400

SALINAS, Calif., Jan. 20, 2025 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the nine months ended November 30, 2024 (third quarter of fiscal 2025).

Financial Results

Total revenues decreased 17%, to $43.3 million for the nine months ended November 30, 2024, from $52.4 million in fiscal 2024. Cased goods sales decreased 6%, to $32.2 million in the first nine months of fiscal 2025, from $35.2 million in fiscal 2024, as the bottled wine business across the entire market slowed in calendar 2024.

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2025 RESULTS

Mon, 20 Jan 2025 09:00:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2025 RESULTS

Mon, 20 Jan 2025 09:00:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2025 RESULTS

Mon, 20 Jan 2025 09:00:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTS

Tue, 26 Nov 2024 16:00:00 -0400

SALINAS, Calif., Nov. 26, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the six months ended August 31, 2024 (second quarter of fiscal 2025).

Scott Scheid, President and CEO, commented, "It continues to be a difficult time for the wine industry. Bulk wine prices remain depressed and the market for cased goods, which has been impacted by distributor and retailer destocking, continues to be challenging. As a company, we've made significant efforts to do more with less, highlighted by our

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTS

Tue, 26 Nov 2024 16:00:00 -0400

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTS

Tue, 26 Nov 2024 16:00:00 -0400

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTS

Tue, 26 Nov 2024 16:00:00 -0400

SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2025 RESULTS

Wed, 24 Jul 2024 09:00:00 -0400

SALINAS, Calif., July 24, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the three months ended May 31, 2024 (first quarter of fiscal 2025).

Scott Scheid, President and CEO, commented, "There's no doubt that it's been a challenging market for both cased goods and bulk wine. I'm proud of the significant efforts our team has undertaken to do more with less, highlighted by our first quarter results showing a modest increase in sales of 4% while achieving double-digit decreases in

SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2025 RESULTS

Wed, 24 Jul 2024 09:00:00 -0400

SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2025 RESULTS

Wed, 24 Jul 2024 09:00:00 -0400

SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2025 RESULTS

Wed, 24 Jul 2024 09:00:00 -0400

SCHEID FAMILY WINES REPORTS YEAR END FISCAL 2024 RESULTS

Wed, 03 Jul 2024 09:00:00 -0400

SALINAS, Calif., July 3, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the fiscal year ended February 29, 2024.

Scott Scheid, President and CEO, commented, "As has been widely reported in the media, the wine industry has faced considerable challenges this past year. Declining wine consumption, inventory destocking, rising interest rates and significant increases in the costs of doing business are just a few of these challenges. One of the side effects of these conditions is the accumulation of bulk

SCHEID FAMILY WINES REPORTS YEAR END FISCAL 2024 RESULTS

Wed, 03 Jul 2024 09:00:00 -0400

SALINAS, Calif., July 3, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the fiscal year ended February 29, 2024.

SCHEID FAMILY WINES REPORTS YEAR END FISCAL 2024 RESULTS

Wed, 03 Jul 2024 09:00:00 -0400

SALINAS, Calif., July 3, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the fiscal year ended February 29, 2024.

SCHEID FAMILY WINES REPORTS YEAR END FISCAL 2024 RESULTS

Wed, 03 Jul 2024 09:00:00 -0400

SALINAS, Calif., July 3, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the fiscal year ended February 29, 2024.

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Mon, 15 Jan 2024 06:30:00 -0400

SALINAS, Calif., Jan. 15, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the nine months ended November 30, 2023 (3^rd quarter of fiscal 2024).

Financial Results

Total revenues for the nine months ended November 30, 2023, were $52.4 million, up $1.2 million from the nine months ended November 30, 2022, an increase of 2%. This increase was driven primarily by the Company's winery processing and storage revenues which increased 35%, to $10.4 million from $7.7 million, which was partially offset by a

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Mon, 15 Jan 2024 06:30:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Mon, 15 Jan 2024 06:30:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Mon, 15 Jan 2024 06:30:00 -0400

Financial Results

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Mon, 16 Oct 2023 09:00:00 -0400

SALINAS, Calif., Oct. 16, 2023 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the six months ended August 31, 2023 (2^nd quarter of fiscal 2024).

Financial Results

Total revenues were $27.7 million, down $2.7 million, a decrease of 9%. This decrease was driven by the Company's cased goods sales which decreased 6%, from $23.9 million to $22.5 million, and a decrease in bulk wine sales of 28%, from $2.9 million to $2.1 million.

Gross margin decreased slightly from 23% in fiscal 2023 to 20%

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Mon, 16 Oct 2023 09:00:00 -0400

Financial Results

Gross margin decreased slightly from 23% in fiscal 2023 to 20%

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Mon, 16 Oct 2023 09:00:00 -0400

Financial Results

Gross margin decreased slightly from 23% in fiscal 2023 to 20%

SCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Mon, 16 Oct 2023 09:00:00 -0400

Financial Results

Gross margin decreased slightly from 23% in fiscal 2023 to 20%

SCHEID FAMILY WINES REPORTS FIRST QUARTER FISCAL 2024 RESULTS

Mon, 17 Jul 2023 09:00:00 -0400

SALINAS, Calif., July 17, 2023 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the three months ended May 31, 2023 (1^st quarter of fiscal 2024).

Total revenues were $14.4 million, down $1.5 million, a decrease of 9%. The decrease was driven by the Company's cased goods sales which decreased 16%, from $13 million to $10.9 million, and was offset by an increase in bulk wine sales of 77%, from $1.0 million to $1.8 million.

Gross margin decreased slightly from 23% in fiscal 2023