Shield AI and Palantir Technologies Deepen Strategic Partnership and Announce Deployment of Warp Speed
Wild vs. Flyers Injury Report Today – December 14Trump Comes Out Against Port Automation, Says It Would Cause 'Distress, Hurt, And Harm' For LongshoremenSCHEID FAMILY WINES REPORTS SECOND QUARTER FISCAL 2025 RESULTSNone
NoneUnion says response to latest proposals received from Canada Post
A small business owner from B.C.’s Fraser Valley is speaking out after being review-bombed by confused supporters of U.S. president-elect Donald Trump this week. Keri McKinley told CTV News she was stunned to see a series of negative ratings for her Abbotsford floral shop, Everbloom Designs, appearing on Facebook and Google over recent days. She also received some very irate private messages. “Some of it I can’t repeat, honestly,” McKinley said. “I didn’t really understand at first what was happening.” It didn’t take long to connect the dots. As it turns out, the owner of another floral shop in Tennessee – the similarly named Everbloom Design, singular – had riled up Trump supporters by announcing she would no longer welcome them in her business. “I need to create a safe place for me, my staff, and my family,” the owner reportedly said, in a social media video that has since been deleted. As a result, the online reviews for McKinley’s Everbloom Designs now range from “A lovely store making beautiful floral arrangements” to “The owner is a hateful and pathetic human being.” Particularly upsetting to McKinley are the multiple reviews that suggest she “discriminates” against her clientele. “That’s not me,” she said. “We serve everyone, happily.” A post shared by Everbloom Designs (@designsbyeverbloom) In the days since the owner of Memphis-based Everbloom Design set off Trump supporters, McKinley said she has already noticed a decline in sales – during what is a crucial time of year for many small businesses. If potential customers search for a shop and find “anything questionable, they move onto a different business that provides a similar service,” she said. The florist has been fighting back against the reviews to the best of her ability, including by contesting them through Google, but much of it is out of her hands. “I can’t afford to be losing customers,” McKinley said. “I just want everyone to know that ... I’m really happy to be doing what I’m doing, and I’d like to continue.” For anyone who would like to support her, McKinley also noted that her shop sells more than flowers, with a variety of locally made products from other small businesses in the region. With files from CTV News Vancouver’s Kraig Krause
Trump has flip-flopped on abortion policy. His appointees may offer clues to what happens nextBlackBerry Ltd. stock remains steady Thursday, still outperforms marketTheir expectation levels may have been different, but neither Rutgers nor Seton Hall has had the most promising start to the season. New Jersey's two power-conference programs will try to author a signature win when the Pirates visit the Scarlet Knights for the Garden State Hardwood Classic on Saturday afternoon in Piscataway, N.J. Rutgers (6-4) endured a three-game losing streak before picking up its first Big Ten win of the season Tuesday, 80-76 over Penn State. The Scarlet Knights have enjoyed plenty of attention thanks to five-star freshmen Dylan Harper and Ace Bailey, but they've also put a loss to Kennesaw State on their resume. They'll try to assert their dominance over Seton Hall (5-5), which has lost to Fordham, Hofstra and Monmouth while fielding one of the weakest offenses in Division I. At 60.1 points per game, the Pirates rank sixth-to-last in the country, even as they limit opponents to 59.4 points per outing (the No. 11 scoring defense). Rutgers is 5-0 at home after leading by as many as 15 in the Penn State victory. Harper had 24 points, 12 rebounds and five assists and Bailey produced 15 points and 15 rebounds. "They're like a sixth defender for us," Harper said of the fans. "We've been on the road for 20 days so seeing all of our fans, and seeing how loud they were, it meant the world to us." The student section will be especially fired up to see the rival Pirates, which could make free-throw shooting an issue for them. They rank No. 350 in the country at 60.3 percent from the foul line entering Friday. However, Seton Hall pulled out a road win the last time the game was played at Rutgers. In a defensive rock fight in 2022, the Pirates prevailed 45-43. Rutgers got revenge last season at Seton Hall's place, winning 70-63. But most players on both rosters are new and will experience the rivalry game for the first time. "I don't have a Jersey player on my team, right?" Pirates coach Shaheen Holloway told NJ.com . "So I have to get those guys to understand rivalries." Seton Hall will lean on Chaunce Jenkins (11.8 ppg) -- who was limited in the team's 85-76 loss to Oklahoma State on Sunday due to a knee injury, but is cleared to face Rutgers -- and Isaiah Coleman (11.7 ppg), one of three returning players from last year's team. For Rutgers, Harper is excited about the rivalry having grown up in New Jersey and watched his older brother, Ron Harper Jr., play in the game. At 23.4 ppg, Dylan Harper is the third-leading scorer in the country, and he adds 5.1 rebounds and 4.6 assists per contest. Seton Hall leads the all-time series 42-32. --Field Level Media
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." Mr. Scheid continued, "We recently executed new forbearance agreements with our lenders extending through July 31, 2025 . The terms of these agreements include forbearing interest and principal payments on the Company's existing debt. In addition, under the agreement with our operating lender, the Company received an additional $5.0 million to strengthen our working capital base." Financial Results Total revenues decreased 6%, to $26.1 million for the six months ended August 31, 2024 , from $27.7 million in fiscal 2024. Cased goods sales decreased 6%, to $21.2 million in the first six months of fiscal 2025, from $22.5 million in fiscal 2024, as the bottled wine business across the entire market slowed in the first few months of calendar 2024. The Company's bulk wine sales decreased 14%, to $1.8 million from $2.1 million , and winery processing and storage revenues remained flat at $1.5 million . Gross margins remained at 20% for each period. Sales and marketing expenses decreased 16%, to $4.8 million , from $5.7 million , and general and administrative expenses decreased 5%, to $3.5 million , from $3.7 million , as the Company continues its cost-cutting efforts. During the first quarter of fiscal 2025, the Company recognized revenue of $3.6 million from proceeds received from the dissolution of a winery processing agreement. In addition, the Company recognized a gain from the sale of non-vineyard land in the amount of $1.7 million in the second quarter of fiscal 2025. Interest expense rose 150%, to $7.5 million , from $3.0 million , due to increases in interest rates as each of the Company's lenders are accruing interest at the default rate of an average of 14.3%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to $4.4 million , from a loss of $1.2 million , primarily from the sale of land and the proceeds from the contract dissolution. In total, the Company reported a net loss of $3.9 million for the six months ended August 31, 2024 , compared to a net loss of $4.8 million for the six months ended August 31, 2023 . SCHEID VINEYARDS INC. AND SUBSIDIARY UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS SIX MONTHS ENDED AUGUST 31, 2024 AND 2023 (amounts in thousands, except per share data) Six Months Ended August 31, 2024 2023 REVENUES: Cased goods sales $ 21,233 $ 22,539 Bulk wine sales 1,826 2,145 Winery processing and storage revenues 1,508 1,451 Direct sales revenues 1,340 1,329 Vineyard management revenues 203 229 Other revenues 7 5 Total revenues 26,117 27,698 COST OF SALES (20,962) (22,121) GROSS PROFIT 5,155 5,577 Sales and marketing expenses (4,790) (5,696) General and administrative expenses (3,545) (3,674) LOSS FROM OPERATIONS (3,180) (3,793) Interest expense, net (7,489) (3,008) Proceeds from contract dissolution 3,613 — Gain on sale of property, plant and equipment 1,690 80 Other income (loss) 2 (40) LOSS BEFORE BENEFIT FROM INCOME TAXES (5,364) (6,761) BENEFIT FROM INCOME TAXES 1,509 1,915 NET LOSS $ (3,878) $ (4,846) NET LOSS PER SHARE $ (4.23) $ (5.31) WEIGHTED AVERAGE SHARES OUTSTANDING 916 912 About Scheid Family Wines Scheid Family Wines, a family-owned and operated wine company for over 50 years, is ranked among the top 25 largest wine producers in the United States . Based in Monterey County, California , Scheid is vertically integrated to bring high quality estate grown wines to the marketplace from its sustainably and organically certified vineyards and grower partners throughout the Central Coast. Scheid's innovative, luxury-level winery is 100% powered by renewable wind energy generated by a 400-foot-tall wind turbine, which also supplies energy to the local community. The Scheid Family Wines globally distributed brand portfolio includes Scheid Vineyards, Sunny with a Chance of Flowers, VDR (Very Dark Red), Grandeur (organically certified), Fog & Light, Metz Road, District 7, Ryder Estate, and HOXIE, a premium wine spritzer. Scheid Family Wines sells internationally to over 30 countries and is one of the largest producers of premium exclusive brands. Please visit www.scheidfamilywines.com and www.otcmarkets.com/stock/SVIN/quote for more information. CONTACT: Scott Scheid, President and CEO, scott.scheid@scheidfamilywines.com Mike Thomsen, Chief Financial Officer, mike.thomsen@scheidfamilywines.com View original content: https://www.prnewswire.com/news-releases/scheid-family-wines-reports-second-quarter-fiscal-2025-results-302316784.html SOURCE Scheid Family Wines © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.