VWE - Vintage Wine Estates provides 2023 and 2024 outlook names new CEO
2023-07-20 17:58:35 ET
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Vintage Wine Estates ( NASDAQ: VWE ) said Thursday it expects revenue for fiscal 2023 to be about $290 million and a gross margin of around 30% to 32%.
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SG&A expenses for 2023 are expected to be around $118–$122 million.
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For fiscal 2024, the company expects revenue between $250 and $270 million, a gross margin of 37% to 39%, and SG&A expenses of $95 to $105 million.
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The consensus estimate for 2023 and 2024 revenue is $292.51 million and $270.92 million, respectively.
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As part of its restructuring plan, the company cut its personnel headcount by about 4% in addition to the reductions made in March.
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Vintage Wine Estates provides 2023 and 2024 outlook, names new CEO