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Duckhorn Portfolio (NAPA)
NYSE:NAPA
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.18Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: 0.45%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong profitability and operational efficiencies, particularly with gross margins and the successful integration of Sonoma-Cutrer. However, these were tempered by declines in wholesale sales, challenges in the on-premise channel, and underperformance in the Kosta Browne brand, reflecting broader market pressures and soft consumer demand. Despite these challenges, the company remains optimistic about its strategic initiatives and future growth prospects.Company Guidance
During the Duckhorn Portfolio Q3 2024 earnings call, a comprehensive set of financial metrics and updated guidance were discussed. The company reported net sales of $92.5 million, reflecting a 1.4% increase, with a strong adjusted EBITDA of $37.7 million, resulting in a 40.8% margin. Despite industry headwinds and a challenging market environment, the guidance for fiscal 2024 was updated to reflect net sales between $398 million to $408 million, incorporating $16 million anticipated from the recent Sonoma-Cutrer acquisition. The expected adjusted EBITDA range is now $146 million to $150 million, indicating careful cost management and operational efficiency. The company highlighted its focus on bolstering growth through strategic distributor realignment and emphasized the potential for $5 million to $10 million in cost synergies from the Sonoma-Cutrer acquisition. The luxury wine market's slight decline of 1% in the quarter contrasted with Duckhorn's performance, underscoring the brand's resilience in a dynamic environment.Strong Gross Margins and Expense Control
Net sales came in at $92.5 million, with strong gross margins contributing to an adjusted EBITDA of $37.7 million, achieving a margin of 40.8%.
Sonoma-Cutrer Acquisition Synergies
Expected cost synergies from the Sonoma-Cutrer acquisition increased from initial projections of $5 million to up to $10 million.
Decoy Featherweight Sauvignon Blanc Success
The recent product launch of Decoy Featherweight Sauvignon Blanc is now the eighth largest label among domestic luxury Sauvignon Blanc brands, with reorder rates exceeding expectations.
Direct-to-Consumer Channel Growth
The direct-to-consumer channel increased by 71.4%, reflecting a shift in Kosta Browne offering timings.
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NAPA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NAPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $11.04 | $11.06 | +0.18% |
| Oct 07, 2024 | $5.40 | $10.95 | +102.78% |
| Jun 06, 2024 | $7.79 | $7.50 | -3.72% |
| Mar 07, 2024 | $9.44 | $8.63 | -8.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Duckhorn Portfolio (NAPA) report earnings?
Duckhorn Portfolio (NAPA) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Duckhorn Portfolio (NAPA) earnings time?
Duckhorn Portfolio (NAPA) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NAPA EPS forecast?
NAPA EPS forecast for the fiscal quarter 2025 (Q2) is $0.2.
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