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The Duckhorn Portfolio, Inc. - $NAPA STOCK NEWS

Welcome to our dedicated page for The Duckhorn Portfolio news (Ticker: $NAPA), a resource for investors and traders seeking the latest updates and insights on The Duckhorn Portfolio stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Duckhorn Portfolio's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Duckhorn Portfolio's position in the market.

Rhea-AI Summary
Brown-Forman (NYSE: BFA, BFB) announces that The Duckhorn Portfolio, Inc. will acquire Sonoma-Cutrer Vineyards and related brand trademarks, with Brown-Forman receiving an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD. The transaction is expected to close in the fourth quarter of fiscal year 2024. The Duckhorn Portfolio's acquisition of Sonoma-Cutrer enhances its luxury wine portfolio, with Brown-Forman maintaining a presence in the wine category while focusing on building premium and super-premium spirits brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
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none
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Rhea-AI Summary
NAPA: Duckhorn Portfolio to Acquire Sonoma-Cutrer Vineyards for $400 Million. The Duckhorn Portfolio, Inc. (NYSE: NAPA) announced the acquisition of Sonoma-Cutrer Vineyards, a leading luxury Chardonnay winery, for $400 million in stock and cash. Sonoma-Cutrer, known for its refined style and innovative winemaking techniques, owns six estate vineyards and sells luxury wine across the U.S. This acquisition will position The Duckhorn Portfolio as a leading luxury wine company in the U.S., enhancing its Chardonnay portfolio. Sonoma-Cutrer's strong growth and renowned wines align with The Duckhorn Portfolio's focus on excellence in winemaking. The transaction is expected to be accretive to Adjusted Earnings per Share in the first full fiscal year following the closing of the deal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
Tags
-
Rhea-AI Summary
Duckhorn Portfolio, Inc. (NYSE: NAPA) to report Q1 financial results on December 6, 2023, after market close. Conference call scheduled for 1:30 p.m. PT (4:30 p.m. ET). Investors can participate via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
conferences earnings
Rhea-AI Summary
Dutch Bros Inc. (NYSE: BROS) Reports Record Revenue of $265 million, a 33% Increase Year-over-Year and 39 New Systemwide Shop Openings in Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
management earnings
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Rhea-AI Summary
The Duckhorn Portfolio, Inc. reported strong financial results for Q4 2023, with net sales increasing by 28% to $100.1 million. Gross profit margin improved by 480 basis points to 55.2%. Net income was $17.8 million, a significant increase from $5.4 million in the prior year period. Adjusted EBITDA also saw a substantial increase of 54% to $34.2 million. The company provided guidance for Fiscal Year 2024, expecting net sales of $420-430 million and adjusted EBITDA of $150-155 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.2%
Tags
-
Rhea-AI Summary
Deirdre Mahlan appointed as interim CEO of Duckhorn, initiating search for new leader
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.2%
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none
Rhea-AI Summary
The Duckhorn Portfolio, Inc. (NYSE: NAPA) will report Q4 and FY2023 financial results on September 27, 2023. Conference call to discuss results at 1:30 p.m. PT (4:30 p.m. ET). Webcast available on company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
conferences earnings
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Rhea-AI Summary
The Duckhorn Portfolio, Inc. reports financial results for Q3 2023, with net sales of $91.2 million and net income of $16.8 million. Gross profit margin increases by 740 basis points compared to the prior year. Adjusted EBITDA is $35.8 million, showing a 9.0% increase. The Company raises its fiscal year 2023 outlook for net sales, adjusted EBITDA, and adjusted EPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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none
The Duckhorn Portfolio, Inc.

NYSE:NAPA

NAPA Rankings

NAPA Stock Data

1.18B
41.81M
3.52%
98.85%
4.09%
Wineries
Manufacturing
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United States of America
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