- Vintage Wine Estates reported its first quarterly result as a public company, highlighted by strong sales momentum for its premium wines.
- A wildfire in Northern California disrupted production at some key wineries forcing a one-off inventory adjustment which pressured earnings.
- Management expects continued growth momentum while the launch of a new bottling facility is set to drive margins higher supporting a positive long-term outlook.
- We are bullish on the stock, which benefits from several underlying tailwinds and trades at an attractive valuation.
For further details see:
Vintage Wine Estates: Momentum In The Premium Segment Confirms The Bullish Case