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Vintage Wine Estates Reports First Quarter Fiscal 2024 Results

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Tuesday, November 14, 2023
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Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for the first three months of fiscal 2024 ended September 30, 2023 ("first quarter fiscal 2024").

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for the first three months of fiscal 2024 ended September 30, 2023 ("first quarter fiscal 2024").
  • Given that I have only just begun these efforts, we are withdrawing previously provided guidance for fiscal 2024.
  • As a percent of sales, SG&A in the first quarter of fiscal 2024 declined to 39% compared with 40% in the prior-year period.
  • Capital expenditures for fiscal 2024 are expected to be approximately $8 million to $10 million.

Vintage Wine Estates Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Friday, October 13, 2023
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Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for its fourth quarter and fiscal year ended June 30, 2023.

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for its fourth quarter and fiscal year ended June 30, 2023.
  • These financial results reflect the impacts of the restatement of prior fiscal 2023 quarters and the related revisions of fiscal 2022 financial results.
  • Capital expenditures were $2.9 million for the fiscal 2023 fourth quarter and $14.2 million for the year.
  • Capital expenditures in the fourth quarter and full year fiscal 2022 were $9.1 million and $24.8 million, respectively.

Vintage Wine Estates Reports Nine Month Fiscal 2023 Results

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Wednesday, May 10, 2023
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INCLINE VILLAGE, Nev., May 10, 2023 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc .

Key Points: 
  • INCLINE VILLAGE, Nev., May 10, 2023 (GLOBE NEWSWIRE) -- Vintage Wine Estates, Inc .
  • (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, today reported its fiscal 2023 year-to-date financial results for the first nine months of fiscal 2023 including its fiscal third quarter ended March 31, 2023, fiscal second quarter ended December 31, 2022 and restated fiscal first quarter ended September 30, 2022.
  • Results include Meier's Wine Cellars, Inc. acquired on January 18, 2022, ACE Cider, acquired on November 16, 2021 and Vinesse, acquired on October 4, 2021.
  • Per Nielsen's, over the 13-week and 52-week periods ended March 25, 2023, VWE managed wine brand portfolio outpaced the overall U.S. Wine market.

Vintage Wine Estates Advances Leadership Team

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Thursday, January 12, 2023
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Vintage Wine Estates , Inc. (NASDQ: VWE), a fast growing wine producer with an industry leading direct-to-customer platform, today announced two promotions that further its efforts to advance its leadership team, develop talent from within and build greater bench strength.

Key Points: 
  • Vintage Wine Estates , Inc. (NASDQ: VWE), a fast growing wine producer with an industry leading direct-to-customer platform, today announced two promotions that further its efforts to advance its leadership team, develop talent from within and build greater bench strength.
  • Zach has full operational oversight for supply chain and production activities with a focus on quality, sustainability and enhancing synergies within VWE’s production footprint and serves on the Executive Leadership team.
  • In 2017, Ms. Duran transitioned to the wholesale business, assuming new responsibilities on the Exclusive Brands team.
  • Ms. Duran also led marketing initiatives to launch Bar Dog wine nationally, supporting the growth of the brand to over 100,000 cases.

Vintage Wine Estates’ California Estate Wineries And Vineyards All Certified Sustainable by California Sustainable Winegrowing Alliance

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Tuesday, November 1, 2022
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SANTA ROSA, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Vintage Wine Estates (Nasdaq: VWE and VWEWW) is proud to announce that all of its California estate wineries and vineyards have been certified sustainable through the California Sustainable Winegrowing Alliance (CSWA).

Key Points: 
  • SANTA ROSA, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Vintage Wine Estates (Nasdaq: VWE and VWEWW) is proud to announce that all of its California estate wineries and vineyards have been certified sustainable through the California Sustainable Winegrowing Alliance (CSWA).
  • Founded nearly two decades ago to promote sustainable winegrowing practices, the CSWA boasts the largest wine certification program in the United States.
  • Recipients of the CCSW (Certified California Sustainable Wine) certifications must satisfy certain requirements spanningenergy efficiency, water efficiency, sustainable business strategy, waste management, the health and wellbeing of workers and sustainable pest management.
  • Kunde was one of the first wineries certified through the Alliances program in 2010, and all Sonoma vineyards are similarly CCSW certified.

Setting the Highest Standard: 2022 Heart of Case Management Awards

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Tuesday, October 11, 2022
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This was the case for this years winners of Genexs Heart of Case Management Awards, who overcame overwhelming odds to help injured employees meet their recovery goals.

Key Points: 
  • This was the case for this years winners of Genexs Heart of Case Management Awards, who overcame overwhelming odds to help injured employees meet their recovery goals.
  • The Genex Heart of Case Management Award recognizes four case managers who have made the greatest impact on the injured employees they served.
  • Two other case managers helped a police officer and an employee overcome life-endangering COVID to reach their highest level of functioning.
  • The adjuster referred the case to Genex case management, specifically requesting Mary Meagan Campbell-Pittman due to her excellent reputation and ICU nursing background.

Vintage Wine Estates Expands and Reorganizes Management Team to Support Growth

Retrieved on: 
Wednesday, March 2, 2022
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Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (VWE or the Company), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced several changes in its management as it restructures the team to support growth.

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (VWE or the Company), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced several changes in its management as it restructures the team to support growth.
  • We are investing in talent, building up our bench strength and creating an organization to support our planned growth.
  • We believe the advancement of our leadership team enables our ability to continue our strong growth, drive margin expansion and build shareholder value.
  • Ms. Proses other operations finance roles were at Ascentia Wine Estates, Beam Wine Estates, Allied Domecq and Constellation Wines US.