From GlobeNewswire: 2025-02-05 17:00:00

Andrew Peller Limited reported strong financial performance for the third quarter and nine months ended December 31, 2024. Revenue increased by 5.2% to $105.4 million in Q3, with net earnings of $7.7 million. For YTD 2024, revenue was $314.1 million, up 4.4% from the prior year, with net earnings of $11.9 million.

The company’s success was driven by sales growth in big-box retail, despite declines in LCBO and company-owned retail stores. Gross margin increased to 40.2% in Q3 and 40.4% YTD 2024, reflecting strengthened profitability and margins. EBITA rose to $18.5 million in Q3 and $49.4 million YTD.

Andrew Peller Limited’s long-term debt decreased to $183.3 million at December 31, 2024, due to strong cash generation and working capital management. The company also announced a normal course issuer bid to purchase up to 1,000,000 of its outstanding Class A non-voting shares.

Investors can learn more about Andrew Peller Limited’s financial results and business initiatives in the upcoming conference call on February 6, 2025, at 10:00 a.m. ET. The call will feature insights from the CEO, CFO, and President, followed by a question and answer session.

Andrew Peller Limited is a leading Canadian producer and marketer of quality wines and craft beverages. Their premium brands include Peller Estates, Trius, and Wayne Gretzky, among others. The company operates retail locations in Ontario and offers personal winemaking products through Global Vintners Inc.

Disclaimer: The forward-looking statements in this news release are subject to risks and uncertainties, which could impact actual results. Investors should exercise caution and not solely rely on these statements for investment decisions. Contact [email protected] for more information.



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