Willamette Valley Vineyards (WVVIP): Continues its Stellar 8 Year Climb

Edward Kim  |

Willamette Valley Vineyards (WVVI, WVVIP). I Love this stock, not just because I Love the Wine!! Shares started rising and essentially have been on an 8 year climb, the majority coming since early 2015. But those who have held shares have been consistently rewarded. Take a look at the chart below to see a wonderful bull market since TARP in 2009. If you are an investor it is always good to have a good Wine Stock, and this is it.

A leading Oregon producer of Pinot Noir, the company generated income applicable to common shareholders of $2,166,446, or $0.43 cents per share, for 2016, up from $1,844,221, or $0.37 cents per share, for the prior year, representing a $322,225, or 17.5%, increase in income applicable to common shareholders when compared to 2015.

Income from operations was $4,167,401 for 2016, up from $3,272,960 for the prior year, representing an increase of $894,441, or 27.3%, when compared to 2015.

The Company produced revenue of $19,425,412 and $17,938,872 in the years of 2016 and 2015, respectively, an increase of $1,486,540, or 8.3%, in the current year compared to the prior year. The reasons for this increase include increased sales in all categories except for bulk wine.

Gross profit margin was 62.9% and 60.5% for 2016 and 2015, respectively.

Selling, general and administrative expenses were $8,053,127 and $7,578,184 for 2016 and 2015, respectively, an increase of $479,326 or 6.3%.

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Income tax provision was $1,478,310 for 2016, up from $1,275,416 for the prior year, representing an increase of $202,894 or 15.9% when compared to 2015.

photo attribute from WVV archive

Jim Bernau, Founder and President of the winery, said "Our Company continues to develop our Shareholders as Customers model and grow our brand through loyal shareholders/wine enthusiasts. We are committed to providing the best possible wine while serving as stewards of the land and our community."



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