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The latest announcement is out from Diamond Estates Wines & Spirits ( (TSE:DWS) ).
Diamond Estates Wines & Spirits reported a revenue increase to $8.5 million for Q2 2026, driven by strong sales in the Winery division, particularly in grocery and big-box stores. Despite an overall increase in SG&A expenses, the company’s gross margin improved significantly, contributing to a rise in adjusted EBITDA. However, net income fell to nil due to non-operational and one-time costs. The company also made strategic moves, such as issuing common shares related to the acquisition of Perigon Beverage Group and amending its stock option and DSU plans. Additionally, Diamond Estates extended its credit agreement with the Bank of Montreal and obtained a forbearance on convertible debentures, indicating active financial management to support its operations.
More about Diamond Estates Wines & Spirits
Diamond Estates Wines & Spirits Inc. operates in the wine and spirits industry, focusing on the production and distribution of wines and spirits. The company is involved in both winery and agency divisions, with a market focus that includes grocery and big-box stores, as well as the VQA and Wine Sector Support programs.
Average Trading Volume: 63,475
Technical Sentiment Signal: Sell
Current Market Cap: C$11.85M
Learn more about DWS stock on TipRanks’ Stock Analysis page.