Truett-Hurst, Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018
February 14, 2019 at 05:15 pm IST
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Truett-Hurst, Inc. announced consolidated earnings results for the second quarter and six months ended December 31, 2018. For the quarter, the company reported net sales of $1,851,000 against $1,803,000 a year ago. Net loss from operations was $1,652,000 against $209,000 a year ago. Loss from continuing operations was $1,639,000 against $299,000 a year ago. Net loss attributable to the company was $982,000 against $409,000 a year ago. Net loss per basic share from continuing operation was $0.36 against $0.07 a year ago.
For the six months, the company reported net sales of $3,448,000 against $3,212,000 a year ago. Net loss from operations was $2,399,000 against $921,000 a year ago. Loss from continuing operations was $2,000,000 against $1,126,000 a year ago. Net loss attributable to the company was $6,000 against $584,000 a year ago. Net loss per basic share from continuing operation was $0.44 against $0.25 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.