US: Willamette Valley Vineyards toasts rising sales in 2012 as profits also climb

By | 2 April 2013

  • Full-year net profits leap by 40.2% to US$1.2m
  • Sales in 2012 inch up by 2.4% to $12.5m
  • Operating profits fall by 9.2% to $2.2m
Willamette Valley Vineyards saw sales accelerate in its final quarter

Willamette Valley Vineyards saw sales accelerate in its final quarter

Willamette Valley Vineyards has seen its full-year sales return to growth after a marked slide in 2011.

The Oregon-based winery said late last week that net profits in 2012 came in 40.2% up on the year previous, at US$1.2m. Operating profits were down however, by 9.2% at $2.2m, with sales increasing by 2.4% to $12.5m.

The sales performance compares favourably to 2011, when they fell by 9.8% on 2010, as well as to the first nine months of 2012, when sales were also down.

The company credited the full-year numbers to "increased retail sales", which were partially offset by decreases in out-of-state sales to distributors.

"We are very encouraged by the positive performance of our wines in 2012," said Willamette Valley's founder & president, Jim Bernau. "We hope to continue to grow our direct-to-consumer sales programs by expanding the hospitality services at our winery."

The wine producer is listed on the NASDAQ stock market.

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US: Willamette Valley Vineyards toasts rising sales in 2012 as profits also climb

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