Duckhorn Portfolio reports Q2 EPS 18c, consensus 18c

Reports Q2 revenue $103.0M, consensus $105.4M. Deirdre Mahlan, Interim CEO, commented, “We delivered strong profitability in the second quarter and continued to take share amidst broader industry headwinds. Importantly, we grew adjusted EBITDA by approximately 10% to $42.7 million representing a 41.5% adjusted EBITDA margin, a 400-basis point improvement over the prior year period, driven by robust gross margins and strong operating cost management. The Duckhorn Portfolio continues to outpace both total wine and luxury wine markets, as consumers routinely choose our products over the competition.”