
Vintage Wine Estates’ shares dropped by 40% following downbeat fourth-quarter financial results hit by inventory woes and lengthy delays in increasing canning capacity.
Overall, Vintage Wine Estates’ annual revenue grew by 33% to US$293.8m but the company generated a net loss for the year of US$700,000.
Vintage Wine Estates’ shares dropped by 40% following downbeat fourth-quarter financial results hit by inventory woes and lengthy delays in increasing canning capacity.