Wine and related accessories direct marketer Geerlings & Wade Inc., Canton, MA, reported net income of $217,000 for the quarter ended June 30, down from $301,000 posted for the same period last year. Sales for the quarter totaled $8.6 million, a 4.5% increase over $8.2 million for the same period in 1998.
The company reported a net loss of $66,000 for the six months ended June 30, compared with diluted net income of 10 cents per share for the first six months of last year. Sales for the period increased 9.7% to $17.1 million from the $15.6 million reported for the first six months of 1998.
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