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Willamette Valley Vineyards Posts a Profit for 2021

Willamette Valley Vineyards Posts results for Q1 2021

Willamette Valley Vineyards Posts results for Q1 2021 News provided by Share this article Share this article SALEM, Ore., May 13, 2021 /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 $0.05 and profit per common share of $0.11 for the period ended March 31, 2021 and 2020, respectively, a decrease of $0.16, for the period ended March 31, 2021 over the prior year period. Sales revenue for the three months ended March 31, 2021 and 2020 were $5,765,338 and $6,521,895, respectively, a decrease of $756,557, or 11.6%, in the current year period over the prior year period. This decrease was caused by a decrease in shipments to distributors of $1,110,429 being partially offset by an increase in direct sales of $353,872 in the current year three-month period over the same period in the prior year. The decrease in revenue from the distributors was pri

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