Truett-Hurst, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
May 15, 2018 at 04:09 pm EDT
Share
Truett-Hurst, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company’s net sales were USD 6,523,000 against USD 5,340,000 a year ago. Loss from operations was USD 583,000 against income from operations of USD 141,000 a year ago. Net loss before income taxes was USD 683,000 against profit before income taxes of USD 56,000 a year ago. Net loss attributable to the company was USD 409,000 or USD 0.09 per basic share against net income attributable to the company of USD 33,000 or USD 0.02 per diluted share a year ago.
For the nine months, the company’s net sales were USD 18,414,000 against USD 16,962,000 a year ago. Loss from operations was USD 1,353,000 against USD 158,000 a year ago. Net loss before income taxes was USD 1,657,000 against profit of USD 539,000 a year ago. Net loss attributable to the company was USD 993,000 or USD 0.22 per diluted share against net profit attributable to the company of USD 303,000 or USD 0.04 per diluted share a year ago. Net cash used in operating activities was USD 296,000 against net cash provided by operating activity of USD 2,913,000 a year ago. Acquisition of property and equipment was USD 1,823,000 against USD 473,000 a year ago. Acquisition of intangible and other assets was USD 13,000 against USD 31,000 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.
TRUETT-HURST, INC. 
