US: Willamette Valley Vineyards sees Q2 profits, sales climb
- Second-quarter net profits up 4.6% to US$0.55m
- Net sales rise 2.3% to $3.7m
Willamette Valley enjoyed a better Q2
Willamette Valley Vineyards has reported a slight rise in second-quarter sales and profits, marking a recovery following a tough Q1.
The Oregon-based wine producer said net profits in the three months to the end of June rose by 4.6% to US$0.55m, while sales were up 2.3% to $3.7m. In Q1, the company saw sales and profits both slip.
In its latest quarter, Willamette Valley said its improved performance was "primarily" due in an increase in direct sales of $456,228, partially offset by a decrease in sales through distributors of $372,075.
Jim Bernau, Willamette's founder & president, said: "We are continuing to strengthen our brand by increasing direct sales contact with our customers."
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