Crimson Wine Group posted Q2 net sales of $20.47 million, up 20% from a year earlier, driven by a 38% rise in wholesale to $13.57 million.
Gross profit climbed 11% to $8.62 million, while gross margin fell 4 percentage points to 42% on a step-up in cost basis for acquired Raeburn inventory.
Direct-to-consumer net sales slipped 5% to $5.99 million; management cited reduced wine club memberships and lower average spend per tasting-room guest.
Interest expense widened to $546,000 from higher Revolving Credit Facility borrowings tied to the Raeburn acquisition; other income narrowed to $49,000.
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