Vintage Wine Estates (Vintage Wine Estates) Gross Margin % : -22.04% (As of Dec. 2023)

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What is Vintage Wine Estates Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Vintage Wine Estates's Gross Profit for the three months ended in Dec. 2023 was $-15.0 Mil. Vintage Wine Estates's Revenue for the three months ended in Dec. 2023 was $68.0 Mil. Therefore, Vintage Wine Estates's Gross Margin % for the quarter that ended in Dec. 2023 was -22.04%.

The historical rank and industry rank for Vintage Wine Estates's Gross Margin % or its related term are showing as below:

VWE' s Gross Margin % Range Over the Past 10 Years
Min: 14.78 Med: 32.25 Max: 37.72
Current: 14.78

During the past 4 years, the highest Gross Margin % of Vintage Wine Estates was 37.72%. The lowest was 14.78%. And the median was 32.25%.

VWE's Gross Margin % is ranked worse than
91.9% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 39.27 vs VWE: 14.78

Vintage Wine Estates had a gross margin of -22.04% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vintage Wine Estates was 0.00% per year.

Vintage Wine Estates Gross Margin % Historical Data

The historical data trend for Vintage Wine Estates's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vintage Wine Estates Gross Margin % Chart

Vintage Wine Estates Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Gross Margin %

37.72

34.14

30.36

30.07

Vintage Wine Estates Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial										32.84	20.53	26.77	33.71	-22.04

Competitive Comparison of Vintage Wine Estates's Gross Margin %

For the Beverages - Wineries & Distilleries subindustry, Vintage Wine Estates's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vintage Wine Estates's Gross Margin % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Vintage Wine Estates's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vintage Wine Estates's Gross Margin % falls into.

Vintage Wine Estates Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Vintage Wine Estates's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	85.2	/	283.228
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(283.228 - 198.052)	/	283.228
	=	30.07 %

Vintage Wine Estates's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-15	/	67.989
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(67.989 - 82.972)	/	67.989
	=	-22.04 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Vintage Wine Estates (NAS:VWE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vintage Wine Estates had a gross margin of -22.04% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Vintage Wine Estates Gross Margin % Related Terms

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Vintage Wine Estates (Vintage Wine Estates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Vintage Wine Estates Inc (NAS:VWE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

8HQ:Germany

Address

937 Tahoe Boulevard, Suite 210, Incline Village, NV, USA, 89451

Website

https://www.vintagewineestates.com

Vintage Wine Estates Inc is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California's Central Coast, Oregon, and Washington State.

Executives

Patrick A Roney	director, 10 percent owner, officer: Chief Executive Officer	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Timothy D Proctor	director	301 SOUTH COLLEGE STREET, CHARLOTTE NC 28288-0630
Jonathan Sebastiani	director, other: Member of 10% owner group	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Seth Kaufman	officer: President and CEO	C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BLVD, SUITE 210, INCLINE VILLAGE NV 89451
Bespoke Sponsor Capital Lp	10 percent owner	115 PARK STREET, 3RD FLOOR, LONDON X0 W1K 7AP
Paul S Walsh	director	8 HENRIETTA PLACE, LONDON X0 94111
Zach Long	officer: Chief Operations Officer	C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BOULEVARD, SUITE 210, INCLINE VILLAGE NV 89451
Jon Moramarco	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Kristina L Johnston	officer: Chief Financial Officer	937 TAHOE BLVD., SUITE 210, INCLINE VILLAGE NV 89451
Katherine Devillers	officer: Chief Financial Officer	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Terry Wheatley	officer: President	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Harms Mark W.b.	director	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Berner Robert L Iii	director	C/O CHARTERHOUSE GROUP INTERNATIONAL INC, 535 MADISON AVE, NEW YORK NY 10022
Lisa M. Schnorr	director	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Russell G Joy	officer: Chief Operating Officer	937 TAHOE BOULEVARD, SUITE 10, INCLINE VILLAGE NV 89451