Andrew Peller Limited Reports Solid Performance in Third Quarter of Fiscal 2024
Sales for the quarter were further reduced by $1.8 million from the repeal of the federal excise duty exemption as previously disclosed.
- Sales for the quarter were further reduced by $1.8 million from the repeal of the federal excise duty exemption as previously disclosed.
- This solid performance is offset by softness in sales from the estate wineries.
- In the first nine months of fiscal 2024 there was a $5.8 million reduction in sales resulting from the repeal of the federal excise duty.
- Gross margin as a percentage of sales decreased to 34.7% in the third quarter of fiscal 2024, down from 40.3% in the prior year.