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Diamond Estates Wines & Spirits ( (TSE:DWS) ) has provided an announcement.
Diamond Estates Wines & Spirits reported its fiscal 2025 financial results, highlighting a mixed performance with a revenue decrease to $24.5 million from $28.5 million in the previous year. Despite the revenue drop, the company saw improvements in gross margins and EBITDA, attributed to restructuring actions, expense reductions, and strategic market expansions. The Winery division experienced growth due to favorable government policies and market expansions, while the Agency division faced challenges from the loss of a key supplier and operational changes. Additionally, the company announced a leadership transition with the appointment of Basman Alias as the new CFO, following a planned departure of the former CFO, Ryan Conte.
More about Diamond Estates Wines & Spirits
Diamond Estates Wines & Spirits Inc. operates in the wine and spirits industry, focusing on producing and distributing a variety of wines and spirits. The company is based in Niagara-on-the-Lake, Ontario, and is known for its Winery and Agency divisions, with a market focus that includes retail expansion and adapting to local consumer behaviors.
Average Trading Volume: 32,628
Technical Sentiment Signal: Sell
Current Market Cap: C$10.85M
See more insights into DWS stock on TipRanks’ Stock Analysis page.