Vintage Wine Estates, Inc. (VWE) Misses Q2 EPS by 1c, Offers Guidance
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Vintage Wine Estates Reports Revenue Growth of 33% to $84 Million in Second Quarter Fiscal 2022 and Raises Guidance
February 14, 2022 4:15 PM ESTDelivered net income of $8.6 million or $0.14 per diluted share; adjusted earnings per diluted share1 were $0.17 Achieved record Adjusted EBITDA2 of $20.2 million, or 24.2% of revenue, representing growth of over 135% Strong results in quarter reflect strong execution of omni-channel, multi-brand strategy and success of acquisitions Direct-to-consumer ("DTC") and business-to-business ("B2B") grew measurably and delivered over 30% operating margins in the quarter Raising revenue guidance for fiscal 2022 to approximately $275 million to $285 million with expected adjusted EBITDA3 margin in range of $63 million to $66... More
