Willamette Valley Vineyards Company profile
About Willamette Valley Vineyards, Inc.
Willamette Valley Vineyards, Inc. owns and operates vineyards and a winery located in the state of Oregon, and produces and distributes premium, super premium, and ultra-premium wines. The wines are sold principally under its Willamette Valley Vineyards label, but also under the Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, Natoma, Metis and Elton labels. The Company operates through two segments: direct sales and distributor sales. Direct sales include retail sales in its tasting room and remote sites, wine club sales, online sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. Distributor sales include all sales through a third party where prices are given at a wholesale rate. Its Willamette Valley Vineyards label product, including Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner.
Financial summary
BRIEF: For the nine months ended 30 September 2021,Willamette Valley Vineyards, Inc. revenues increased 18% to$22.4M. Net income applicable to common stockholdersdecreased 63% to $573K. Revenues reflect Direct Salessegment increase of 29% to $8.8M, Distributor Sales segmentincrease of 11% to $13.6M. Net income was offset by Salesand marketing increase of 28% to $6.7M (expense), Generaland administrative increase of 31% to $4M (expense).
Equity composition
Common Stock no Par, 03/11, 10M auth., 4,892,977 issd.Insiders control 24.41% . IPO 4/90,882,352 shs. @ $1.70 bythe Co. PO: 7/91, 731,234 shs. @ $2.65 by the Co. PO: 9/92,686,525 shares @ $3.42 by the Co. PO: 10/92, 258,309 shares@ $3.42 by the Company.
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