Vintage Wine Estates, Inc. (VWE) Tops Q3 EPS by 2c

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Vintage Wine Estates Reports Revenue Growth of 68% to $78.9 Million in Third Quarter Fiscal 2022 and Raises Full Year Fiscal 2022 Revenue Expectations

May 16, 2022 4:15 PM EDT

Demonstrated growth in all channels with business-to-business ("B2B") growing to $33.7 million as a result of the Meier's acquisition and timing of private label programs Consistently growing traffic in tasting rooms drove 11% organic growth in direct-to-consumer ("DTC") Reported net income of $2.8 million or $0.05 per diluted share; adjusted earnings per diluted share1 was $0.08 Achieved adjusted EBITDA2 of $14.0 million, or 17.7% of revenue Increasing revenue guidance for fiscal 2022 to approximately $290 million to $295 million with expected adjusted EBITDA3 of approximately $62 million to $64... More