SALINAS, Calif., Nov. 26, 2024 /PRNewswire/ -- Scheid Vineyards Inc. (dba Scheid Family Wines) (OTC Markets: SVIN) announced today its financial results for the six months ended August 31, 2024 (second quarter of fiscal 2025).

Scott Scheid, President and CEO, commented, "It continues to be a difficult time for the wine industry. Bulk wine prices remain depressed and the market for cased goods, which has been impacted by distributor and retailer destocking, continues to be challenging. As a company, we've made significant efforts to do more with less, highlighted by our second quarter results showing a decrease of 16% in sales and marketing expenses and a decrease of over 5% in G & A. These efforts are ongoing and I'm proud of our teams who work each day on finding opportunities for growth and ways to improve our business."

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