Crimson Wine Q2 FY26 net sales rise 20% to $20.47 million; gross profit climbs 11% to $8.62 million

Reuters2026/08/06 21:03

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Crimson Wine Group posted Q2 net sales of $20.47 million, up 20% from a year earlier, driven by a 38% rise in wholesale to $13.57 million.
Gross profit climbed 11% to $8.62 million, while gross margin fell 4 percentage points to 42% on a step-up in cost basis for acquired Raeburn inventory.
Direct-to-consumer net sales slipped 5% to $5.99 million; management cited reduced wine club memberships and lower average spend per tasting-room guest.
Interest expense widened to $546,000 from higher Revolving Credit Facility borrowings tied to the Raeburn acquisition; other income narrowed to $49,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crimson Wine Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-054306), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Crimson Wine Q2 FY26 net sales rise 20% to $20.47 million; gross profit climbs 11% to $8.62 million

You may also like

Crypto prices