Willamette Valley Vineyards, Inc. (WVVI) Stock Prices Skyrocket to New All-time High

Willamette Valley Vineyards, Inc. (WVVI) stock prices are up a monumental 46.09% shortly after the trading day commenced on April 29th 2021, bringing the price per share up to USD$14.97.

Improvements in Income per Share

The leading producer of Pinot Noir in the Oregon region reported income per common share after the payment of dividends at USD$0.46 for the year ended December 31st 2020. This is a 53.5% increase from the USD$0.30 reported on December 31st 2019.

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Revenue Growth

WVVI reported revenues of USD$27,314,852 for the year ended December 31st 2020, representing a 10.4% increase over the USD$24,749,263 reported for the year ended December 31st 2019. This significant difference can be attributed to the 11.3% increase in revenue from direct sales for 2020 compared to 2019. Also contributing to the year-over-year difference is the 9.8% increase in revenue from sales to distributors in 2020 compared to 2019.

Increasing Gross Profits

Gross profits clocked in at USD$16,729,776 for the year ended December 31st 2020, a 9.4% increase rom the USD$15,294,582 reported for prior year period. Despite being offset by higher costs of sales, increases in sales revenue are primarily responsible for the increases in gross profits for 2020.

Rising Costs as WVVI Expands its Scope

Selling, general and administrative expenses were up 1.4% from USD$11,567,058 in 2019 to the USD$11,728,003 reported on December 31st 2020. Net income was up to USD$3,394,996 for the year ended December 31st 2020, a very significant 35.2% increase from the USD$2,510,901 reported for 2019.

Forest Fires and a Global Pandemic

WVVI has recently been fighting on two fronts and has come out stronger than ever. Despite the onset of the pandemic and resulting government sanctions, sales suffered as retail stores were closed indefinitely across the nation. Despite this, and despite the forest firesthat presented challenges to production, the company managed to adapt. They circumvented greater losses by capitalizing on distribution channels still at their disposal, and sold wine directly to customers at home, as well as to the retail spaces that were still allowed to stay open during the pandemic.

Future Outlook for WVVI

The company has adapted exceptionally well to the troubling circumstances it found itself in over the past few quarters. With promising financial numbers and a serendipitous skyrocketing in WVVI stock price, the company is poised to leverage its resources to convince current and prospective investors that the company is worth investing in for the long-term. It remains to be seen if WVVI can capitalize on the staggering increase in stock price to maintain significant and sustained increases in shareholder value.


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