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Article: Willamette Valley Vineyards Posts Record Earnings for the Quarter Ended March 31, 2006.
- Article from:
- PR Newswire
- Article date:
- May 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALEM, Ore., May 15 /PRNewswire-FirstCall/ -- Willamette Valley Vineyards, Inc. , sales revenue increased 56% and Net Income before taxes increased 303% for the three months ended March 31, 2006, as compared to the prior year period.
Sales to out-of-state distributors continued to be the primary reason for the increases in sales revenue and profitability during the three month period ending March 31, 2006. Sales to out-of-state distributors increased 153% for the three months ended March 31, 2006 as compared to the prior year period. Depletions of the Company's products by its out-of-state distributors to their retail customers increased 68% in the three months ...