Willamette Valley Narrows 3Q Loss; Sales Jumped 23%

Willamette Valley Vineyards reports third quarter sales rose 23% to $9.35 million. The company posted a net loss of $326,982. The loss was significantly less than the year-earlier loss of $949,821. The increase in sales was attributed to an increase through in 10% sales through distributors.

"I believe our new winery and retail locations are helping us reach thousands of new customers, while our successful preferred stock offerings have resulted in a significant number of wine enthusiast stockholders who previously had not made a recorded purchase in any of our tasting rooms or on-line."