Andrew Peller Ltd
TSX:ADW.A
Andrew Peller Ltd
Andrew Peller Ltd. engages in the production and marketing of wines and spirits products. The company is headquartered in Grimsby, Ontario and currently employs 1,592 full-time employees. The firm's products are produced and sold predominantly in Canada. With wineries in British Columbia, Ontario, and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, and from vineyards around the world. Its Vintners Quality Alliance (VQA) brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy and Conviction. Its varietal brands include Peller Family Vineyards, Copper Moon, Black Cellar and XOXO. The firm also produces craft beverage alcohol products, including No Boats on Sunday ciders and seltzers, and various beer, spirits and cream whisky products under the Wayne Gretzky No. 99 brand. Global Vintners Inc. is its wholly owned subsidiary.
Andrew Peller Ltd. engages in the production and marketing of wines and spirits products. The company is headquartered in Grimsby, Ontario and currently employs 1,592 full-time employees. The firm's products are produced and sold predominantly in Canada. With wineries in British Columbia, Ontario, and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, and from vineyards around the world. Its Vintners Quality Alliance (VQA) brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy and Conviction. Its varietal brands include Peller Family Vineyards, Copper Moon, Black Cellar and XOXO. The firm also produces craft beverage alcohol products, including No Boats on Sunday ciders and seltzers, and various beer, spirits and cream whisky products under the Wayne Gretzky No. 99 brand. Global Vintners Inc. is its wholly owned subsidiary.
Revenue Growth: Sales increased by 2.8% to $100.5 million in Q1, despite headwinds from the loss of federal excise tax exemption.
Margins Stable: Gross margin held steady at 38.8%, as cost pressures from glass, packaging, and freight begin to ease.
Profitability Impact: The company reported a net loss of $0.9 million ($0.02 per share), compared to earnings of $2.9 million last year, due to higher interest costs and one-time debt facility expenses.
Cost Savings Progress: Management expects to achieve $20 million in supply chain cost reductions over two years, with half realized this year.
Port Moody Project: Major development milestone reached; approval of bylaw and permit increases property value and prepares for monetization.
Guidance Maintained: Management anticipates 2–3% revenue growth and about 15% EBITDA growth for the year, with further margin improvements as lower-cost inventory flows through.
