Mgp Ingredients (MGPI) Stock News

Rebel Bourbon, a brand of MGP Ingredients (NYSE:MGPI), has announced the annual release of its Rebel 10-Year Single Barrel Bourbon. The limited release consists of 2,600 cases of 750mL bottles, priced at $99.99 MSRP.

The 100 proof (50% ABV) wheated bourbon features a mash bill of 68% corn, 20% wheat, and 12% malt. Each barrel is individually bottled, creating unique flavor profiles characterized by vanilla, dark fruits, caramel, and citrus notes with a smooth finish.

The bourbon has garnered significant industry recognition, winning Double Platinum at ASCOT Awards, Double Gold at San Francisco World Spirits Competition, and several other prestigious awards in 2025.

Luxco announces the launch of Cortada Smoked Tequila, a premium tequila featuring both Blanco ($49.99) and Reposado ($54.99) varieties, initially available in Denver and through e-commerce via Shared Pour. Created by fourth-generation Master Distiller Graciela Gonzalez from a family recipe, Cortada is made with hand-selected 100% Blue Weber Agave from Jalisco, Mexico, uniquely smoked with Mesquite and Mexican Oak. The Blanco variety offers notes of ripe pineapple and agave molasses, while the Reposado, aged in bourbon barrels, features hints of dark chocolate, pepper, and clove. This innovative product aims to bring the trending smoked spirits concept to the premium tequila category.

Remus Bourbon announces the 2025 edition of Remus Babe Ruth Reserve, a limited-edition bourbon release in partnership with the Babe Ruth Family. The ultra-limited release consists of 8,399 bottles, matching Babe Ruth's career at-bats, priced at $149.99 per 750mL bottle. The 2025 edition features a unique blend of three high-rye bourbon mash bills (44%, 49%, and 36% rye) from barrels distilled in 2016 and 2017, bottled at 111 proof (55.5% ABV). The bourbon offers notes of brown sugar, cinnamon, and fig on the nose, with nutmeg and toasted marshmallow on the palate, finishing with oak, leather, and baking spices. Each bottle features art deco-inspired design, baseball-themed elements, and a QR code linking to Ruth's game performance for that bottle's corresponding at-bat number.

Penelope Bourbon introduces Cigar Sessions Chapter 1, a limited-edition whiskey specifically crafted to pair with medium-bodied cigars. The unique blend combines Straight Bourbon, American Single Malt, and American Light Whiskey, aged six years with a mash bill of 72% corn, 15% rye, and 13% malt. Created in collaboration with cigar experts Cynn Coburn and Lee Marsh, this 101 proof (50.5% ABV) whiskey features notes of milk chocolate, vanilla, and candied apple, with a finish of toffee, dark fruit, and light oak. Limited to 7,500 cases, it's available in select markets at $79.99 per 750mL bottle. This release marks the first in an annual series designed to explore various cigar pairings, representing Penelope's commitment to innovation in the spirits industry.

MGP Ingredients (MGPI) has announced significant board leadership changes, with Martin Roper being elected as Chairman of the Board effective May 22, 2025. Roper, who joined the board in April 2025, brings over 25 years of beverage industry experience, including his tenure as CEO of The Boston Beer Company and current role as CEO of The Vita Coco Company.

The company also appointed new committee chairs: Jennifer Lowry for the Audit Committee, Todd Siwak for the Nominating and Governance Committee, and Tom Gerke for the Human Resources and Compensation Committee. Brandon Gall, Interim President, CEO, and CFO, emphasized that Roper's appointment comes at a crucial time as MGP continues its transformation into a premier branded spirits organization.

Rebel Bourbon, in collaboration with Childress Vineyards, has launched Rebel 100 Childress Vineyards Cabernet Franc Barrel Finish, a limited-edition bourbon. The new offering features Rebel's wheated recipe, aged four years in Cabernet Franc barrels and bottled at 100 proof. The release is limited to 500 cases and will be available at North Carolina ABC stores and Lux Row Distillers at $39.99 per 750mL bottle.

The bourbon offers unique flavor notes of sweet plums, honey, and bright berries. This release builds on Rebel Bourbon's existing partnership with Richard Childress Racing (RCR) and follows their earlier 2025 release of Kyle Busch 108 Single Barrel Bourbon.

El Mayor Tequila announces expansion of its product line with new 375mL and 1.75L sizes for its Blanco and Reposado expressions. The 1.75L bottles will be available at $44.99 MSRP, while the 375mL bottles will launch later this year at $14.99 MSRP. Both sizes will feature El Mayor's updated brand packaging with a slim bottle design and larger label. The tequila, produced at Destiladora Gonzalez Lux in Arandas, Mexico, is made from 100% estate-grown Blue Weber Agave. El Mayor's products have received notable recognition, with Blanco earning Gold medals at the 2024 ASCOT and SIP Awards, while Reposado secured a Double Gold at the 2024 San Francisco World Spirits Competition and was named among the top 10 tequilas globally at the 2025 IWSC.

MGP Ingredients (MGPI) reported challenging Q1 2025 results, with consolidated sales declining 29% to $121.7M and net income decreasing 115% to a loss of $3.1M. The company's performance was impacted by elevated industry-wide barrel whiskey inventories and cautious consumer environment. Key metrics include: gross profit down 31% to $43.3M, adjusted basic EPS decreased 66% to $0.36, and adjusted EBITDA fell 46% to $21.8M. Segment performance showed: Branded Spirits sales down 4% to $48.2M, Distilling Solutions sales decreased 45% to $46.9M, and Ingredient Solutions sales declined 26% to $26.5M. Despite challenges, MGP successfully upsized its credit facility from $400M to $500M and reaffirmed its 2025 outlook, projecting sales of $520-540M and adjusted EBITDA of $105-115M.

MGP Ingredients (MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, has announced a quarterly dividend payment. The company's board of directors has declared a dividend of $0.12 per share of common stock. Shareholders who are recorded as stockholders by May 16, 2025, will receive the dividend payment on May 30, 2025.