Willamette Valley Vineyards(US:WVVI) Prnewswireยท2025-08-12 21:05Core Viewpoint - Willamette Valley Vineyards, Inc. reported a loss per common share of $0.09 for the three months ended June 30, 2025, which is an increase of $0.02 compared to the same period in 2024, reflecting ongoing challenges in national distribution and sales [1][5]. Financial Performance - Sales revenue for the three months ended June 30, 2025, was $10,195,763, a decrease of $136,595 or 1.3% from $10,332,358 in the same period of 2024, attributed to a decline in direct sales [2]. - Gross profit for the same period was $6,216,618, down by $255,072 or 3.9% from $6,471,690 in 2024 [3]. - Net income decreased significantly to $92,795 in the second quarter of 2025, a drop of $103,183 or 52.7% from $195,978 in the prior year [5]. Expenses - Selling, general and administrative expenses were $5,818,454 for the three months ended June 30, 2025, a decrease of $116,330 or 2.0% compared to $5,934,784 in 2024, primarily due to reduced selling and marketing expenses [4]. - The company reported a decrease in selling and marketing expenses of $144,536 or 3.3%, partially offset by an increase in general and administrative expenses of $28,206 or 1.8% [4]. Management Commentary - The company's management, led by new CEO Mike Osborn, is focused on improving wholesale distribution and sales, emphasizing the brand's strong market reputation and high wine reviews [6].