Vintage Wine Estates, Inc. (VWE) Misses Q1 EPS by 7c

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Go back to Vintage Wine Estates, Inc. (VWE) Misses Q1 EPS by 7c

Vintage Wine Estates Direct-to-Consumer Business Grows 37% Driving Total Revenue to $56 million in First Quarter Fiscal 2022

November 15, 2021 4:15 PM EST

Executing on omni-channel, multi-brand strategy with expanded bottling capacity to drive growth and margins; delivering growth while addressing supply chain headwinds Gross margin expanded 24 basis points over the prior-year period to 42.1%Net income of $2.8 million with adjusted EBITDA1 of $11.8 million, or 21.1% of revenue Putting capital to work and executing strategy to build adjacent categories with acquisition of ACE Cider, leading U.S. cider brandExpected organic growth combined with two fiscal-year-to-date... More