Zacks Initiates Coverage of Crimson Wine Group With Neutral Recommendation [Yahoo! Finance]
CRIMSON WINE GROUP LTD (CWGL)
NASDAQ:AMEX Investor Relations:
crimsonwinegroup.investorroom.com
Company Research
Source: Yahoo! Finance
Headquartered in Napa, California, the company is a prominent luxury wine producer known for its high-quality wines from seven primary estates. These estates include Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. CWGL targets affluent consumers with wines retailing for more than $16 per 750 ml bottle. Crimson Wine Group boasts a strong portfolio of luxury wine brands that appeal to discerning wine enthusiasts. The company has a healthy balance sheet, with $22.6 million in cash and a current ratio of 10.3, indicating strong liquidity. With a robust inventory of 0.7 million cases and no drawdowns on its $60-million credit facility, Crimson Wine is well-positioned for growth and operational flexibility. In 2023, Crimson Wine Group reported total revenues of $72.4 million, with Wholesale net sales contributing 56% and Direct to Consumer sales accounting for 38%. The company owns approximately 720
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CWGL
Sec Filings
- 5/30/24 - Form ARS
- 5/30/24 - Form DEFA14A
- 5/30/24 - Form DEF
- CWGL's page on the SEC website