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, Inc. (NYSE: NAPA) announced the pricing of a secondary offering of 6,000,000 shares of its common stock by Mallard Holdco, LLC at $15.35 per share. Goldman Sachs & Co. LLC is the underwriter, and they have a 30-day option to purchase an additional 900,000 shares. Duckhorn will not receive any proceeds from this offering, which is expected to close on April 6, 2023, subject to customary conditions. The offering is conducted under a shelf registration statement with the SEC. Forward-looking statements are included, highlighting associated risks and uncertainties.
The Duckhorn Portfolio, Inc. (NYSE: NAPA) announced a secondary offering of 6,000,000 shares of its common stock by Mallard Holdco, LLC. The Selling Stockholder may offer an additional 900,000 shares through the underwriter, Goldman Sachs & Co. LLC. Importantly, Duckhorn will not sell any shares, and the Selling Stockholder will receive all proceeds. This offering is conducted under a shelf registration statement with the SEC, and the shares will be offered through a prospectus supplement, which will be available shortly. Forward-looking statements caution investors about potential risks affecting the offering.
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.
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