Here is a small puzzle from the latest round of results from listed wine companies.
Take the 16 companies that have reported so far. Compare each one's newest period with the same period a year earlier. Sales split almost down the middle: 7 grew, 8 shrank. One more did not publish a comparable prior-year figure.
Now look at the bottom line. Of the 13 companies that report a profit or loss line, 11 did worse. Two did better.
Selling roughly the same amount of wine and keeping less of the money is the story of the year so far.
The numbers, company by company
Each figure is the issuer's own, read from its own filing (the record links every row to the document it came from). Periods differ because companies report on different calendars, so each line compares like with like: the newest period against the same period a year before.
| Company | Period | Sales vs a year earlier | Bottom line |
|---|---|---|---|
| Crimson Wine Group (US) | Q2 to 30 Jun 2026 | +20.4% | loss widened (USD -346k vs -131k) |
| Chapel Down (UK) | H1 to 30 Jun 2026 | +18.9% | loss narrowed (GBP -489k vs -557k) |
| Delegat Group (NZ) | FY to 30 Jun 2026 | +4.2% | profit down 19.5% |
| Sula Vineyards (India) | Q1 to 30 Jun 2026 | +2.1% | profit down 45% |
| Ambra (Poland) | FY to 30 Jun 2026 | +0.7% | — |
| Australian Vintage | FY to 30 Jun 2026 | +0.4% | loss AUD -64m vs -6m |
| Schloss Wachenheim (Germany) | FY to 30 Jun 2026 | +0.3% | profit up 1.3% |
| Willamette Valley Vineyards (US) | Q2 to 30 Jun 2026 | -1.6% | from a small profit to a USD 1.4m loss |
| Italian Wine Brands | H1 to 30 Jun 2026 | -5.3% | profit down 24% |
| Masi Agricola (Italy) | H1 to 30 Jun 2026 | -6.7% | from a small profit to a EUR 1.2m loss |
| Purcari Wineries (Romania/Moldova) | H1 to 30 Jun 2026 | -6.8% | profit down 3.4% |
| Viña San Pedro Tarapacá (Chile) | H1 to 30 Jun 2026 | -11.1% | profit down 87% |
| Maison Pommery & Associés (France) | H1 to 30 Jun 2026 | -12.0% | — |
| Treasury Wine Estates (Australia) | FY to 30 Jun 2026 | -12.8% | from AUD 437m profit to a AUD 1.08bn loss |
| Naked Wines (UK) | FY to 30 Mar 2026 | -20.4% | loss widened (GBP -6.6m vs -4.9m) |
| Lanson-BCC (France) | H1 to 30 Jun 2026 | no prior figure read | — |
A few things stand out:
- Growth did not buy profit. Crimson grew sales by a fifth and its loss still more than doubled. Delegat and Sula both grew and both earned less.
- The biggest company had the biggest swing. Treasury Wine Estates, the owner of Penfolds, went from a AUD 437m profit to a AUD 1.08bn loss on sales down 12.8%.
- Only one company is up on both lines. Schloss Wachenheim, the German sparkling-wine group, grew sales 0.3% and profit 1.3%. Flat, and still the best result on the list.
Use the data
The whole record is one CSV, free under CC BY 4.0, with the source URL and the page locator on every row:
import pandas as pd
r = pd.read_csv("https://vincap.co/data/results.csv")
# newest period per company, and the change against the same period a year earlier
newest = r[r.period_end == r.groupby("ticker").period_end.transform("max")].copy()
newest["change_pct"] = (newest.value - newest.prior_value) / newest.prior_value.abs() * 100
print(newest.pivot_table(index="ticker", columns="metric", values="change_pct").round(1))
- The record, with every source: vincap.co/results
- CSV / JSON downloads: vincap.co/data
- The index these 22 companies make up: vincap.co/indices/wine
Six of the 22 indexed companies have not been read into the record yet; it fills in as filings are checked. If you want the monthly read of listed wine by email, the free Monthly Brief sign-up is on the index page.
VINCAP (formerly BoomCellar) publishes indices and data on the world's listed wine companies. Editorial research and market data, not investment advice.
Top comments (1)
The 7-up/8-down sales split against 11-of-13 worsening bottom lines is the most honest chart in the genre — the headline industry reads ("sales held up") is the one that survives; the margin table is the one that predicts. Row-by-row sourcing is what makes it trustworthy: most sector takes are aggregate vibes with zero auditable denominator, so anyone can add one company to the sample and flip the story. Two cuts worth stealing from the earnings-data world: a per-company sparkline of direction (how many quarters in a row each line has moved the same way — persistence, not level) and an explicit survivor rule (delistings/acquisitions stay in the denominator, or the record quietly becomes a highlight reel). If the sample is fixed at 16 with sources per row, you've built the cheapest sector dashboard that can't lie to itself.