Overview

* Andrew Peller ( ADWPF ) reported Q2 revenue of C$105.5 mln, beating analysts' expectations

* Net earnings for Q2 rise to C$8.9 mln from C$4.6 mln

* Gross margin increased to 45.7% from 42.4% due to cost savings and support programs

Outlook

* Company aims to grow market share in core wine businesses

* Company plans to expand in high-growth product segments in Ontario

Result Drivers

* LCBO STRIKE IMPACT - Revenue decrease in Q2 2026 due to prior year's LCBO strike boosting sales

* COST SAVINGS - Improved gross margin driven by lower glass bottle and freight costs

* SUPPORT PROGRAM - Ontario Grape Support Program contributed to margin improvement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$105.50 C$103.80

Revenue mln mln (1

Analyst)

Q2 Net C$8.90

Income mln

Q2 Gross 45.70%

Margin

Q2 EBITA C$21.30

mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)