Welcome to our dedicated page for Duckhorn Portfolio news (Ticker: NAPA), a resource for investors and traders seeking the latest updates and insights on Duckhorn Portfolio stock.
Duckhorn Portfolio Inc (NAPA) maintains its position as a leader in premium wine production through strategic innovation and heritage craftsmanship. This dedicated news hub provides investors and industry observers with essential updates on the company's financial developments, operational milestones, and market initiatives.
Access timely press releases covering quarterly earnings, vineyard acquisitions, new product launches, and sustainability efforts. Our curated collection serves as a definitive resource for tracking Duckhorn Portfolio's performance in the competitive luxury wine market, offering insights into their brand strategy and quality-focused operations.
Key updates include executive leadership changes, distribution expansions, and recognition of winemaking excellence. All content is verified for accuracy and relevance to support informed analysis of the company's market position and growth trajectory.
Bookmark this page for streamlined access to Duckhorn Portfolio's official communications and third-party analyses. Regular updates ensure you maintain current awareness of factors influencing NAPA's stock performance and industry standing.
The Duckhorn Portfolio (NYSE: NAPA) reported its fiscal first quarter 2025 financial results for the period ending October 31, 2024. Net sales increased by 19.9% year-over-year to $122.9 million, primarily driven by the addition of Sonoma-Cutrer. However, excluding Sonoma-Cutrer, net sales declined by 8.2% due to one-time inventory transfers. Gross profit rose by 14.2% to $61.5 million, though the gross profit margin fell by 250 basis points to 50.0%. Adjusted gross profit increased by 19.8% to $63.8 million, with a slight margin decline to 51.9%. Net income dropped 28.1% to $11.2 million, or $0.08 per diluted share, while adjusted net income increased to $23.8 million, or $0.16 per diluted share. Adjusted EBITDA surged by 39.9% to $48.6 million, improving the margin by 560 basis points. Total SG&A expenses rose by 33.8% to $40.8 million. Cash stood at $5.4 million with a leverage ratio of 1.7x net debt to trailing twelve months adjusted EBITDA.
Brown-Forman (NYSE:BFA, BFB) announced that Campbell P. Brown will step down as Chair of the Board of Directors in July, while continuing to serve as a Director. Marshall B. Farrer, a fifth-generation descendant of the company's founder, will assume the role of Chair, subject to reelection. During Brown's tenure, the company acquired Gin Mare and Diplomático Rum, and navigated through challenges including the pandemic, supply chain disruptions, and tariffs on American whiskey. Farrer, who joined the Board in 2016 and currently serves as Executive Vice President and Chief Strategic Growth Officer, will become the eleventh Brown family member and third fifth-generation family member to serve as Chair.
The Duckhorn Portfolio (NYSE: NAPA) reported its Q4 and fiscal year 2024 financial results. Q4 highlights include:
- Net sales of $107.4 million, up 7.3% year-over-year
- Net income of $11.3 million, or $0.08 per diluted share
- Adjusted EBITDA of $39.9 million, up 16.7%
Fiscal year 2024 highlights include:
- Net sales of $405.5 million, up 0.7% year-over-year
- Net income of $56.0 million, or $0.45 per diluted share
- Adjusted EBITDA of $155.1 million, up 7.3%
The company successfully integrated Sonoma-Cutrer, contributing to volume growth. However, excluding Sonoma-Cutrer, net sales declined due to shifts in release timing and product mix.
The Duckhorn Portfolio (NYSE: NAPA), North America's premier luxury wine company, has agreed to be acquired by Butterfly Equity in an all-cash transaction valued at approximately $1.95 billion. Duckhorn stockholders will receive $11.10 per share, representing a 65.3% premium over the 90-day volume-weighted average share price.
The transaction, unanimously approved by Duckhorn's Board of Directors, is expected to close this winter, subject to stockholder approval and regulatory clearances. Following the acquisition, Duckhorn will become a privately held company but continue to operate under The Duckhorn Portfolio name, headquartered in St. Helena, California.
The agreement includes a 45-day "go-shop" period, allowing Duckhorn to solicit alternative acquisition proposals. Stockholders representing a majority of Duckhorn's voting power have agreed to vote in favor of the transaction, subject to certain conditions.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) has announced it will report its fiscal fourth quarter and full year 2024 financial results on October 7, 2024, after market close. The company will host a conference call at 1:30 p.m. Pacific Time to discuss the results. Investors can participate by dialing 833-470-1428 (U.S.) or 404-975-4839 (international) with confirmation code 953728. A webcast will be available on the company's investor relations website.
The Duckhorn Portfolio is North America's premier luxury wine company, featuring eleven wineries, ten winemaking facilities, eight tasting rooms, and over 2,200 acres of vineyards across 38 Estate properties. Founded in 1976, the company offers a comprehensive portfolio of luxury wines from renowned wineries, with prices ranging from $20 to $230 across more than 15 varietals.
The Duckhorn Portfolio (NYSE: NAPA) has announced expanded distribution agreements with Johnson Brothers, marking the second phase of a strategy to enhance its wholesale network across the U.S. Following its acquisition of Sonoma-Cutrer, Duckhorn aims to boost sales and shareholder value by increasing focus on and investment in the wholesale channel. The new agreements will see Johnson Brothers distributing Duckhorn's wines in Hawaii, Iowa, and West Virginia. This move is expected to drive profitable growth and extend Duckhorn’s market reach.
The Duckhorn Portfolio (NYSE: NAPA) reported its fiscal third-quarter 2024 financial results, with net sales of $92.5 million, a 1.4% increase year over year. Gross profit rose 1.8% to reach $51.4 million, while gross profit margin improved to 55.6%. However, net income declined by 20.7% to $13.3 million, with an adjusted net income decrease to $16.3 million. Adjusted EBITDA increased by 5.3% to $37.7 million, resulting in an improved adjusted EBITDA margin of 40.8%. Total selling, general, and administrative expenses rose by 24% due to higher transaction costs related to the acquisition of Sonoma-Cutrer Vineyards. The company updated its fiscal year 2024 guidance, projecting net sales of $398-$408 million and adjusted EPS of $0.56-$0.58.
The Duckhorn Portfolio (NYSE: NAPA) has entered into new distribution agreements with Republic National Distributing Company (RNDC) and Breakthru Beverage Group (BBG) to enhance its wholesale distribution network across the United States. This strategic move follows the acquisition of Sonoma-Cutrer, making Duckhorn the largest supplier of $15+ wines in the U.S. off-premise channel. RNDC will distribute Duckhorn's wines in 21 states, and BBG in 11 states, beginning this summer. The agreements aim to drive profitable growth, increase shareholder value, and enhance market penetration.
The Duckhorn Portfolio (NYSE: NAPA) has appointed Dave Burwick to its Board of Directors, effective May 21, 2024. Burwick, who brings over 30 years of experience in the beverage industry, recently retired as President and CEO of The Boston Beer Company (NYSE: SAM). He will chair the Nominating and Corporate Governance Committee and serve on the Audit Committee. Burwick's extensive background includes leadership roles at Peet's Coffee & Tea, WW International, and PepsiCo. Both Duckhorn's leadership and Burwick emphasize the potential for significant growth and value creation. Burwick also holds an MBA from Harvard Business School and is a board member at Deckers Outdoor
Brown-Forman (NYSE: BFA, BFB) completed the sale of Sonoma-Cutrer Vineyards to The Duckhorn Portfolio, Inc. for $50 million USD and 21.5% ownership in April 2024. Brown-Forman executives Marshall Farrer and Tim Nall join The Duckhorn Portfolio's Board of Directors.
