Scheid Vineyards Inc., Salinas, Calif., announced its financial results for the six months 2020 fiscal period, which ended Aug. 31.
Revenues for the 2nd quarter of fiscal 2020 increased to $18.7 million, from $16.7 million for the same period in the second quarter of fiscal 2019. Revenues for the period were offset by cost of sales of $15.1 million; sales and marketing expenses of $4.9 million; general and administrative expenses of $4.2 million; and interest expense of $2.4 million.