Business
Willamette Valley Vineyards Posts Results for Q1 2025
Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) (the "Company"), a leading Oregon producer of Pinot Noir, generated a loss per common share after preferred dividends of $0.26 and $0.22 for the three months ended March 31, 2025 and 2024 respectively, an increase of $0.04, for the three month period ended March 31, 2025 over the same three month period in the prior year.
About this update from Willamette Valley Vineyards, Inc.
[{"type":"text","content":"SALEM, Ore., May 13, 2025 /PRNewswire/ -- Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) (the "Company"), a leading Oregon producer of Pinot Noir, generated a loss per common share after preferred dividends of $0.26 and $0.22 for the three months ended March 31, 2025 and 2024 respectively, an increase of $0.04, for the three month period ended March 31, 2025 over the same three month period in the prior year.","length":434,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Willamette Valley Vineyards)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Willamette Valley Vineyards)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":88,"url":"https://media.zenfs.com/en/prnewswire.com/8fb0bb0716d7e50665ab3b0a84bec0df"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UfOvOTa5wtI25ryJ09AL6g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8fb0bb0716d7e50665ab3b0a84bec0df","width":400,"height":88}},"href":"https://mma.prnewswire.com/media/2686860/Willamette_Valley_Vineyards_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Sales revenue for the three months ended March 31, 2025 and 2024 was $7,541,583 and $8,803,080, respectively, a decrease of $1,261,497, or 14.3%, in the current year period over the prior year period. This decrease was caused by a decrease in revenues from distributor sales of $1,285,815, partly offset by an increase in direct sales to consumers of $24,318 in the current year's three-month period over the same period in the prior year.","length":448,"tagName":"p"},{"type":"text","content":"Gross profit for the three months ended March 31, 2025 and 2024 was $4,759,108 and $5,272,722, respectively, a decrease of $513,614, or 9.7%, in the first quarter of 2025 over the same quarter in the prior year. This decrease was primarily the result of a decrease in sales through distributors.","length":295,"tagName":"p"},{"type":"text","content":"Selling, general and administrative expenses for the three months ended March 31, 2025 and 2024 was $5,629,086 and $5,875,299, respectively, a decrease of $246,213, or 4.2%, in the current quarter over the same quarter in the prior year. This decrease was primarily the result of a decrease in selling expenses of $60,072, or 1.5% and a decrease in ...