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The Duckhorn Portfolio, Inc. (symbol: NAPA) is a renowned producer of luxury and ultra-luxury wines encompassing a diverse range of prestigious winery brands. Founded in 1976, The Duckhorn Portfolio has established itself as a leading name in the wine industry with a comprehensive collection that includes Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark.
The company's business model is rooted in two primary revenue streams: wholesale and direct-to-consumer sales. On the wholesale front, Duckhorn's wines are distributed directly to California retailers, restaurants, and distributors across various states in the U.S. Additionally, they have a strong international presence through export distributors. The direct-to-consumer segment involves sales through the company's tasting rooms, wine clubs, and its online platform, ensuring a personalized customer experience.
Recent achievements highlight Duckhorn's dedication to quality and sustainability. The company's vineyards are managed with careful attention to the environment, implementing sustainable farming practices to produce exceptional wines while preserving the ecosystem. Financially, The Duckhorn Portfolio continues to demonstrate robust performance with significant growth in both revenue and market share.
Strategic partnerships and collaborations are a cornerstone of Duckhorn's success. By working closely with top chefs and prestigious restaurants, the company ensures that their wines are featured in premium dining establishments, further elevating their brand reputation. The product line, recognized for its superior quality and distinctive flavors, caters to both connoisseurs and casual wine enthusiasts, making luxury wines more accessible.
Currently, The Duckhorn Portfolio is engaged in several innovative projects aimed at expanding its market reach and enhancing customer engagement. These initiatives include the development of new wine varietals and the exploration of cutting-edge marketing strategies to attract a broader audience. As the company continues to innovate and grow, it remains committed to offering an unparalleled wine experience to its customers worldwide.
The Duckhorn Portfolio reported a net sales increase of $103.5 million for Q2 2023, up 4.8% year-over-year. Gross profit also rose to $55.2 million, achieving a margin of 53.3%, an improvement of 320 basis points. Net income was $14.9 million, down from $17.9 million in Q2 2022, while adjusted net income climbed to $21.1 million. Adjusted EBITDA reached $38.8 million, reflecting a 13.1% increase. The company raised its fiscal 2023 guidance for net sales to $398-$404 million, adjusted EBITDA to $135-$138 million, and adjusted EPS to $0.63-$0.65.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) announced its participation in the BofA Securities 2023 Consumer & Retail Conference in Miami, Florida on March 15, 2023. A fireside chat will commence at 8:50 a.m. Eastern Time, accessible via the Company's investor relations website. As a leading luxury wine company, Duckhorn operates ten wineries and over 1,100 acres of vineyards, producing acclaimed wines from regions including Napa Valley and Sonoma County. The Company's portfolio features renowned brands such as Decoy and Kosta Browne, with price points ranging from $20 to $200. For more information, visit their website.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) will announce its second-quarter results for the period ending January 31, 2023, on March 8, 2023, after market close. A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) for investors, who can join by phone or via a live webcast available on the company’s investor relations website. The Duckhorn Portfolio is known as North America’s premier luxury wine company, with a diverse range of acclaimed wines from various regions, including Napa Valley and Sonoma County.
The Duckhorn Portfolio (NYSE: NAPA) announced its participation in the 25th Annual ICR Conference on January 9, 2023. The company will host a fireside chat at 3:00 p.m. Eastern Time, accessible live via its investor relations website. Established in 1976, Duckhorn is a premier luxury wine company in North America, featuring ten wineries and a portfolio of acclaimed luxury wines sourced from various regions, including Napa Valley and Sonoma County. For more details, visit duckhornportfolio.com.
The Duckhorn Portfolio reported net sales of $108.2 million for the first quarter of Fiscal 2023, reflecting a 3.8% increase year-over-year. Gross profit grew to $54.7 million, with a gross profit margin of 50.6%. Net income was $19.8 million or $0.17 per diluted share, down from $21.3 million in the prior year due to a shift in the Kosta Browne Single Vineyard Series release. The company reaffirmed its fiscal 2023 guidance, anticipating net sales between $393 million and $401 million, and adjusted EBITDA of $132 million to $137 million.
The Duckhorn Portfolio (NYSE: NAPA) announced the retirement of CFO Lori Beaudoin in spring 2023 after over 13 years with the company. A national search for a new CFO has begun, and Beaudoin will assist during the transition. CEO Alex Ryan praised Beaudoin for her leadership and contributions, stating the company is well-positioned for long-term success. Duckhorn Portfolio, established in 1976, is a leader in luxury wines, operating ten wineries and over 1,100 acres of vineyards across multiple regions.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) announced it will release its first quarter results for the period ending October 31, 2022, on December 7, 2022, after market close.
A conference call to discuss these results will take place at 2:00 PM PT (5:00 PM ET). Interested investors can join via U.S. dial-in at 844-200-6205 or internationally at 929-526-1599. A replay will be available for two weeks following the call. The Duckhorn Portfolio is known for its luxury wines, with a range of products priced between $20 and $200, sourced from various esteemed vineyards.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) reported a strong fourth quarter for the year ended July 31, 2022, with net sales of $78.0 million, a 10.0% increase from last year. Gross profit rose 14.4% to $39.3 million, resulting in a gross margin of 50.4%. Net income was $5.4 million, down from $7.4 million previously, while adjusted net income was $9.0 million. The company introduced fiscal year 2023 guidance, anticipating net sales between $393-$401 million, with adjusted EBITDA of $132-$137 million. Overall, Duckhorn’s performance reflects resilience amidst a dynamic market.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) will report its fourth quarter and fiscal year results for the period ending July 31, 2022, on September 28, 2022, after market close. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investors can participate via phone or listen to a live webcast, which will be archived for 30 days. The Duckhorn Portfolio is recognized as North America's premier luxury wine company, with a diverse portfolio of renowned wineries and extensive vineyard holdings.
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