Truett-Hurst, Inc. Announces Consolidated Earnings Results for the Year Ended June 30, 2017
October 13, 2017 at 07:08 pm
Share
Truett-Hurst, Inc. announced consolidated earnings results for the year ended June 30, 2017. For the period, the company reported net sales were $21,536,000 against $25,783,000 a year ago. Net loss from operations was $811,000 against $78,000 a year ago. Net loss before income taxes was $202,000 against $546,000 a year ago. Net loss from continuing operations was $204,000 against $548,000 a year ago. Net loss attributable to Truett-Hurst, Inc. was $51,000 against $244,000 a year ago. Basic loss per share was $0.01 against $0.06 a year ago. Net cash provided by operating activities was $651,000 against $1,725,000 a year ago. Acquisition of property and equipment was $674,000 against $428,000 a year ago. Acquisition of intangible and other assets was $50,000 against $137,000 a year ago.
Truett-Hurst, Inc. is a holding company for H.D.D. LLC (the LLC). The Company is a producer of luxury wines and operates two wine tasting rooms and leases a winery where wine is produced from many varieties of grapes principally grown or purchased in Sonoma Countyâs Dry Creek Valley and Russian River Valley appellations. The Company has a space for wine production within a custom crush facility located in Santa Rosa, California. The Company operates its direct to consumer (the DTC) business in Healdsburg, California. The DTC channel consists of sales of products produced by the Company through its own tasting rooms, wine clubs and websites. Its wine portfolio offers a range of single vineyards and blends.