Truett-Hurst, Inc. Reports Third Quarter and Nine Months Ended March 31, 2017 Results
TRUETT-HURST INC A (THST)
US:NASDAQ Investor Relations:
truetthurstinc.com/investors
Company Research
Source: PR Newswire
HEALDSBURG, Calif., May 11, 2017 /PRNewswire/ -- Truett-Hurst, Inc. (NASDAQ: THST), which operates an innovative super-premium and ultra-premium wine sales, marketing, and production company based in the acclaimed Dry Creek Valley of Sonoma County, California, reported results for the third quarter of fiscal year 2017 which ended on March 31, 2017. Nine months FY17 vs. FY16For the nine months ended March 31, 2017, total net sales from continuing operations decreased 14.2% compared to the same period in the prior year and totaled $17.0 million. Consolidated gross margin from continuing operations was 34.7%, an increase of 1.8 margin points over the prior year. WholesaleNet Sales of $12.4 million (-19.9% or $3.1 million) Gross Margin of 23.8% (a decrease of 0.1 margin points) Gross Profit of $2.9 million (-$0.8 million)Direct to Consumer (DTC)Net Sales of $4.6 million (+5.9% or $0.3 million) Gross Margin of 64.1% (a decrease of 0.8 margin points) Gross Profit of
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