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Willamette Valley Vineyards Posts Results for Q2 2025
Prnewswire· 2025-08-12 21:05
Core 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].
Willamette Valley Vineyards Named USA Today 10Best Tasting Room in the Nation for Second Consecutive Year
Prnewswire· 2025-07-30 16:32
Core Insights - Willamette Valley Vineyards has been recognized as the 1 Tasting Room in the Nation for the second consecutive year by USA TODAY's 10Best Readers' Choice Awards, reflecting strong support from shareholders and club members [1][2] - The winery emphasizes a unique culinary program that pairs local ingredients with its wines, enhancing the overall tasting experience [3][4] - Willamette Valley Vineyards' Wine Club has also been ranked 2 in the Nation, offering various membership tiers and exclusive benefits [5] Company Overview - Founded in 1983, Willamette Valley Vineyards has grown to become a leading winery in Oregon, focusing on sustainable practices and producing acclaimed Pinot Noir [7] - The winery operates with a community-ownership model, boasting over 27,000 shareholders, which supports its mission to democratize wine [5][7] - Willamette Valley Vineyards has expanded to include nine tasting rooms across Oregon, Washington, and California, enhancing its reach and accessibility [7] Tasting Room Experience - The Estate Tasting Room offers immersive experiences, including personalized tastings and seasonal pairing menus, designed to be inclusive for all visitors [2][4] - Chef DJ MacIntyre leads the culinary program, focusing on local and sustainable ingredients to create dishes that complement the winery's diverse portfolio [3][6] - The tasting room fosters a warm atmosphere with panoramic vineyard views, promoting a sense of community and passion for wine and culinary arts [2][4] Sustainability and Innovation - Willamette Valley Vineyards is recognized for its sustainable farming practices, with all vineyards certified through LIVE and Salmon-Safe programs [7] - The winery produces over 75 different bottlings, including Pinot Noir and Chardonnay, showcasing its commitment to quality and innovation in the wine industry [6][7]
Willamette Valley Vineyards Expands Ownership Access with New Preferred Stock Offering
Prnewswire· 2025-07-10 12:54
Core Insights - Willamette Valley Vineyards is offering a Preferred Stock Offering to wine enthusiasts, allowing them to purchase shares and become part of the winery's ownership family [1][2][4] Company Overview - Founded in 1983, Willamette Valley Vineyards is recognized as one of Oregon's leading wineries, particularly known for its Pinot Noir and commitment to sustainability [8][10] - The winery operates under a community-funded business model, being one of the few community-owned, publicly traded wineries in the nation [2][8] Investment Opportunity - The introductory price for shares is set at $3.35, with an annual dividend of 6.5% or wine credit with a 15% bonus for early applications [4][5] - The minimum investment is 150 shares ($502.50), while the maximum is 5,000 shares ($16,750) [4] - Share prices will increase to $3.45 on August 1, 2025, and to $3.95 on November 1, 2025, unless sold out earlier [5] Shareholder Benefits - Shareholders receive exclusive benefits, including an annual dividend, discounts on wine releases, and access to special opportunities [3][9] - The winery emphasizes a loyalty-driven approach, aiming to create a community of wine enthusiasts who support the brand [4][6] Growth and Community Impact - The Preferred Stock Offering aims to support the winery's expansion, including its vineyards, tasting rooms, and production facilities [6] - Willamette Valley Vineyards has expanded to include nine tasting rooms across Oregon, Washington, and California, facilitated by stock ownership [10]
Willamette Valley Vineyards Posts Results for Q1 2025
Prnewswire· 2025-05-13 22:49
Core Viewpoint - Willamette Valley Vineyards, Inc. reported a net loss for the first quarter of 2025, reflecting challenges in national distribution and a significant decrease in sales revenue compared to the previous year [6][5]. Financial Performance - The company generated a loss per common share after preferred dividends of $0.26 for the three months ended March 31, 2025, compared to $0.22 for the same period in 2024, marking an increase of $0.04 [1]. - Sales revenue decreased to $7,541,583 for the three months ended March 31, 2025, down from $8,803,080 in 2024, representing a decline of $1,261,497 or 14.3% [2]. - Gross profit for the same period was $4,759,108, a decrease of $513,614 or 9.7% from $5,272,722 in 2024, primarily due to lower distributor sales [3]. - Selling, general and administrative expenses decreased to $5,629,086 in the first quarter of 2025, down from $5,875,299 in 2024, a reduction of $246,213 or 4.2% [4]. - The net loss increased to $728,981 in the first quarter of 2025, compared to $521,805 in 2024, an increase of $207,176 or 39.7% [5]. Management Changes - The company has appointed Mike Osborn as the new Chief Executive Officer to address distribution challenges, bringing extensive experience from the wine industry [6]. Company Overview - Willamette Valley Vineyards, Inc. is headquartered near Salem, Oregon, and its common stock is traded on NASDAQ under the ticker WVVI [7].
Willamette Valley Vineyards Appoints Wine.com Founder Michael Osborn as Chief Executive Officer
Prnewswire· 2025-05-12 12:33
Core Insights - Willamette Valley Vineyards has appointed Mike Osborn as the new CEO, succeeding founder Jim Bernau, who will remain as President and Chairperson as part of a long-term succession plan [1][2][5] - The leadership change is aimed at accelerating the company's growth and enhancing its market presence, particularly in the evolving wine market [2][5] Company Overview - Willamette Valley Vineyards was founded in 1983 by Jim Bernau, who has built it into a respected winery known for its commitment to community ownership and environmental stewardship [2][5] - The winery has been recognized for its high-quality Pinot Noir and has received accolades such as "One of America's Great Pinot Noir Producers" from Wine Enthusiast Magazine [5] - The company operates under a unique shareholder model, with thousands of wine enthusiasts as co-owners, and has expanded to include 10 tasting rooms across Oregon, Washington, and California [4][5] Leadership Background - Mike Osborn, the new CEO, is known for founding Wine.com and has extensive experience in wine retail, having built it into the leading online wine retailer in the U.S. over the past 27 years [3] - Osborn's leadership is expected to bring a fresh perspective to the winery, focusing on enhancing its national and global presence while maintaining its core values of integrity, community, and quality [4][5]