CWGL's Q1 sales jump 26% y/y on the Raeburn acquisition, while the company narrowed its net loss despite margin pressure and softer demand.
Crimson Wine Group reports lower y/y sales and EPS as weak shipments, softer demand and industry challenges pressure the results.
CWGL's Q3 earnings rise on a major insurance settlement even as sales fall across key channels, highlighting shifting demand and cost pressures.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJS Thomas J. Sudyka, Jr. LAWSON KROEKER INVESTMENT MANAGEMENT Inc./NE | 252,267 | $1.51M | $1.07M | -$447,774.28 | -29.56% |
| Beverages Industry | Consumer Staples Sector | Jennifer L. Locke CEO | OTCQB Exchange | 22662X100 CUSIP |
| US Country | 175 Employees | - Last Dividend | - Last Split | - IPO Date |
Crimson Wine Group, Ltd. is a distinguished entity in the wine industry, offering its products not just in the United States but on an international scale. The company has carved out a niche for itself through its operations in two primary segments: Wholesale and Direct to Consumer. Initially established as Leucadia Cellars, Ltd., the entity underwent a significant rebranding to Crimson Wine Group, Ltd. in November 2007. Since its incorporation in 1991, with headquarters in Napa, California, Crimson Wine Group has stood out for its commitment to excellence and a diversified product portfolio that caters to a wide range of consumers and connoisseurs alike.
In addition to these offerings, Crimson Wine Group employs a diverse sales strategy that includes distribution to wholesalers, direct sales to consumers through wine club memberships, direct phone calls, its own website, third-party websites, and other online sales channels.