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Truett-hurst, Inc.  (THST)
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What are Truett-hurst's Business Segments?



Wine Production

The Company operates two wineries where wine is produced from many varieties of grapes principally grown or purchased in Sonoma County’s Russian River Valley and Dry Creek Valley appellations. The VML winery, which is leased through May 2017, can crush, ferment and oak barrel age approximately 500 tons (35,000 cases) of ultra-premium grapes annually, with capacity to increase to 2,000 tons with additional capital improvements. For increased production capacity, the Company outsources to a variety of specialist wineries and bottling facilities. The Company has been able to satisfy the production requirements to date and considers its sources to be adequate at this time. However, the inability of any of the suppliers to satisfy the Company’s requirements could adversely affect operations.

Grape and Wine Contracts

The majority of annual grape requirements are satisfied by purchases from each year’s harvest which normally begins in August and runs through October. In addition to purchasing grapes, the Company supplements its needs with bulk wine purchase contracts based on sales and production requirements. Depending upon overall demand and availability of bulk wine, the Company could experience shortages and/or increased prices.

The Company enters into grape contracts with terms generally of one to four years, which requires payment of an agreed upon price per ton that varies according to the type of grape, its appellation and in certain cases, the vineyard block in which the grapes are grown. Contracts are typically terminable after a specified term, unless earlier mutually agreed by the parties.
   

Truett-hurst Tax Rate Companies within the Nonalcoholic Beverages Industry


Business Segments Q2
Revenues
(in millions $)
Q2
Income
(in millions $)
(Dec 31 2018)
%
(Profit Margin)
Total 1.85 -1.64 -

Growth rates by Segment Q2
Y/Y Revenue
%
(Dec 31 2018)
Q/Q Revenue
%
Q2
Y/Y Income
%
(Dec 31 2018)
Q/Q Income
%
Total -67.53 % 15.9 % - -

To get more information on Truett-hurst's Total segment. Select each division with the arrow.


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