Crimson Wine Group, LTD
Market Movers (8-K)
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Crimson Wine Group, Ltd. announced the results of its Annual Meeting of Stockholders held on July 23, 2026, including the election of seven directors and the ratification of its independent auditor.
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Crimson Wine Group significantly expands its premium wine portfolio by acquiring the critically acclaimed Raeburn brand from Purple Brands for approximately $35.2 million.
Better than expected
Capital raise
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Crimson Wine Group, Ltd. announced the successful election of all seven director nominees, ratification of BPM LLP as auditor, and approval of executive compensation at its Annual Meeting of Stockholders.
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Crimson Wine Group has increased its board size and appointed CEO Jennifer L. Locke as a director, effective October 30, 2024.
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Crimson Wine Group held its annual stockholder meeting on July 26, 2024, where all director nominees were elected and the ratification of BPM LLP as the company's independent auditor was approved.
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Crimson Wine Group has determined that a recent cybersecurity incident has likely had a material impact on its business operations, though not on its overall financial condition or results of operations.
Quarterly Earnings (10-Q)
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Crimson Wine Group reported a 21% decline in Q3 net sales and an 11% decline for the nine months, but a $2.5 million wildfire insurance settlement significantly boosted Q3 net income.
Worse than expected
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Crimson Wine Group reported a net loss of $0.131 million for Q2 2025 and a $1.067 million loss for the first half, driven by decreased sales and higher inventory write-downs.
Delay expected
Worse than expected
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Crimson Wine Group's Q1 2025 net sales decreased by 9% year-over-year, primarily due to lower wholesale shipments and export suspensions.
Worse than expected
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Crimson Wine Group experienced a decrease in wholesale net sales but saw growth in direct-to-consumer sales in the third quarter of 2024.
Worse than expected
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10-Q: Crimson Wine Group Reports Mixed Results in Second Quarter 2024 Amidst Shifting Sales Dynamics
Crimson Wine Group's second quarter 2024 results show a slight decrease in net sales and a net loss, with shifts in sales channels and increased operating expenses impacting profitability.
Worse than expected
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10-Q: Crimson Wine Group Reports Slight Revenue Increase in First Quarter 2024 Amidst Strategic Shifts
Crimson Wine Group saw a modest 5% increase in net sales for the first quarter of 2024, driven by wholesale growth and direct-to-consumer channels.
Annual Reports (10-K)
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Crimson Wine Group, Ltd. reported a significant decrease in net sales and operating income for fiscal year 2025, driven by challenging market conditions and a goodwill impairment charge, despite a strategic acquisition post-year-end.
Worse than expected
Capital raise
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Crimson Wine Group's 2024 10-K filing reveals a slight revenue increase, strategic focus on core brands, and ongoing efforts to manage climate-related risks, alongside the disclosure of a cybersecurity incident.
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Crimson Wine Group's 2023 annual report reveals a slight decrease in net sales, offset by improved gross profit margins and strategic cost management amid economic challenges.
Better than expected
Insider Trading (Form 4)
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Joseph S. Steinberg, a Director and 10% owner of Crimson Wine Group, Ltd., reported the acquisition of 7,474 common shares.
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Chief Winemaking & COO Nicolas Quille purchased 1,000 shares of Crimson Wine Group, Ltd. at a weighted average price of $4.03.
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Crimson Wine Group Director and 10% owner Joseph S. Steinberg acquired 106,308 shares of common stock at a weighted average price of $4.96.
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Crimson Wine Group Director and 10% owner John D. Cumming acquired 106,308 shares of common stock.
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Crimson Wine Group Director Colby A. Rollins acquired 900 shares of common stock at $4.86 per share under a pre-arranged trading plan.
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Crimson Wine Group's Chief Winemaking & COO, Nicolas Quille, acquired 500 shares of common stock at $5 per share.
Proxy Statements (Def-14A)
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Crimson Wine Group announces its 2026 Annual Meeting of Stockholders to be held virtually on July 23, 2026.
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Crimson Wine Group, Ltd. has filed a Definitive Proxy Statement (DEFA14A) with the U.S. Securities and Exchange Commission, signaling upcoming shareholder matters.
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Crimson Wine Group, Ltd. has announced its 2025 Annual Meeting of Stockholders for July 22, 2025, where shareholders will vote on director elections, auditor ratification, executive compensation, and the frequency of future say-on-pay votes, following a significant drop in 2024 net income.
Worse than expected
Delay expected
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Crimson Wine Group, Ltd. has filed a definitive proxy statement with the SEC.
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Crimson Wine Group will hold its 2024 annual meeting of stockholders virtually on July 26, 2024, to elect directors and ratify the selection of its independent accounting firm.
Schedule 13D - Activist Investments
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Several Gabelli-affiliated entities have filed an amended Schedule 13D detailing their beneficial ownership of Crimson Wine Group, Ltd. common stock.
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An amendment to a Schedule 13D filing reveals increased beneficial ownership of Crimson Wine Group common stock by John D. Cumming and related entities.
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Joseph S. Steinberg has increased his beneficial ownership of Crimson Wine Group, Ltd. to 16.7% following recent stock purchases.
Schedule 13G - Passive Investments
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Elgethun Capital Management has disclosed an 8.0% passive ownership stake in Crimson Wine Group, Ltd. common stock as of December 31, 2025.
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Elgethun Capital Management has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Crimson Wine Group, Ltd. as of December 31, 2024.