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Bullboard - Stock Discussion Forum Diamond Estates Wines & Spirit Inc V.DWS

Alternate Symbol(s):  DWWEF

Diamond Estates Wines & Spirits Inc. is a Canada-based producer of wines and ciders, as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates five production facilities, four in Ontario and one in British Columbia, which produce predominantly VQA wines under brand names, such as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile... see more

TSXV:DWS - Post Discussion

Diamond Estates Wines & Spirit Inc > DWS expecting a lot of "headwinds" in 2023
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Post by 88guy88 on Feb 27, 2023 10:33pm

DWS expecting a lot of "headwinds" in 2023

significant inflation and early signs of recession  as stated by the CEO do not bode well for the growth of the company this year at least.

tepid growth so far and now a focus on cost control

agency business showed soft revenue and margins

the kicker is "government support program" tells investors that the industry is challenged

luke warm numbers and not much "excitement" for the rest of the year.....ho hum
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