Vintage Wine Estates, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2021
September 28, 2021 at 04:30 pm EDT
Share
Vintage Wine Estates, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2021. For the quarter, the company reported total net revenue of $57,033,500 compared with $41,699,200 a year ago. Loss from operations was $10,877,800 compared to income of $3,773,400 a year ago. Net loss was $5,175,800 compared with net income of $2,022,100 a year ago. Basic and diluted loss per share was $0.18 compared with earnings per share of $0.03 a year ago.
For the year, the company reported total net revenue of $220,742,400 compared with $189,918,600 a year ago. Income from operations was $9,179,800 compared to $7,738,300 a year ago. Net income was $10,087,400 compared with loss of $9,700,100 a year ago. Basic and diluted earnings per share was $0.14 compared with loss per share of $0.67 a year ago.
Vintage Wine Estates, Inc. is a vintner in the United States, offering luxury wines produced by its heritage wineries, as well as several popular lifestyle wines. Its brands include Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed and Kunde. It also produces hard cider, another form of wine, under the ACE Cider brand. Its segments include Direct-to-Consumer (DTC), Business-to-Business (B2B) and Wholesale. DTC segment sells wine and other merchandise directly to consumers through wine club memberships, at wineriesâ tasting rooms, at wine tasting events, and through eCommerce. B2B segment generates revenue primarily from the sale of private label wines and spirits, and custom services, such as fermentation, barrel aging, winemaking, procurement of dry goods, bottling and cased goods storage. Wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as grocery stores, specialty and multi-national retail chains.
VINTAGE WINE ESTATES, INC. 
