RE:Quarterly results - Not good, again. There is still value here oterwise Lassonde would be gone. DWS will eventually become the grocery wine selling arm of Lassonde. Right now there are only approximately 450 stores selling beer/cider/wine. The number of actual wine selling grocery locations is still tiny in Ontario - maybe 150 locations. All of the grocers want wine offerings but the LCBOs are scared crapless of this expansion and I am sure the unionized workers losing their jobs is playing into this molasses moving initative. Nevertheless, this expansion into the grocers will continue. DWS has preferential shelf locations in all of these rollouts being a VQA Ontario wine producer. And their lower priced wine offerings pair well with suburban located grocers and small towns.
The results are crappy but there is still good value here even if it is not shown on the books quite yet.