The Duckhorn Portfolio, Inc. produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally. It also serves individual consumers through club membership, the company's website, and tasting rooms located in Napa Valley, California; Anderson Valley, California; Sebastopol, California; Hollister, California; and Walla Walla, Washington. The Duckhorn Portfolio, Inc. was formerly known as Mallard Intermediate, Inc. and changed its name to The Duckhorn Portfolio, Inc. in February 2021. The Duckhorn Portfolio, Inc. was founded in 1976 and is based in Saint Helena, California.
IPO Year: 2021
Exchange: NYSE
Website: duckhornportfolio.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 4/18/2024 | $11.00 → $8.00 | Overweight → Equal Weight | Barclays |
| 2/13/2024 | $11.00 → $8.00 | Neutral → Underperform | BofA Securities |
| 12/7/2023 | $15.00 → $11.00 | Buy → Neutral | BofA Securities |
| 11/13/2023 | $13.00 | Buy | Jefferies |
| 9/5/2023 | $14.00 | Market Perform | BMO Capital Markets |
| 3/9/2023 | Equal Weight → Overweight | Barclays | |
| 10/11/2022 | $18.00 | Outperform | Wedbush |
| 9/15/2022 | $24.00 → $19.00 | Overweight → Neutral | JP Morgan |
| 8/2/2022 | $24.00 → $22.00 | Buy | Citigroup |
Fourth Quarter Net Sales of $107.4 million, an Increase of 7.3% Fourth Quarter Net Income of $11.3 million; Adjusted Net Income of $20.4 million Fourth Quarter Adjusted EBITDA of $39.9 million, an Increase of 16.7% The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months and fiscal year ended July 31, 2024. Fourth Quarter 2024 Highlights Net sales were $107.4 million, an increase of $7.3 million, or 7.3%, versus the prior year. Excluding Sonoma-Cutrer, net sales declined $13.9 million or 13.9% versus the prior year, due primarily to the shift in timing of the Kosta Browne Appellation Series release into Q3 in fiscal 2024 from Q
Transaction to Accelerate The Duckhorn Portfolio's Leading Luxury Wine Portfolio and Continue Butterfly's Strategy of Partnering with Leading Food and Beverage Companies The Duckhorn Portfolio's Stockholders to Receive $11.10 Per Share in Cash The Duckhorn Portfolio Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results The Duckhorn Portfolio (NYSE:NAPA) ("Duckhorn" or the "Company"), North America's premier luxury wine company, and Butterfly Equity ("Butterfly"), a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced that they have entered into a definitive agreement (the "Agreement") pursuant to which Duckhorn will be acquire
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it will report financial results for the fourth quarter and fiscal year ended July 31, 2024, on Monday, October 7, 2024, after market close. The Company will host a conference call to discuss these results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors interested in participating in the live call can dial 833-470-1428, from the U.S., and 404-975-4839, internationally, and enter confirmation code 953728. A telephone replay will be available approximately two hours after the call concludes through Monday, October 28, 2024, by dialing 866-813-9403 or 929-458-6194, and entering confirmation code 561952
Net Sales of $92.5 million, up 1.4% year over year; Net Income of $13.3 million, down 20.7% year over year; Adjusted EBITDA of $37.7 million, up 5.3% year over year; Updates Fiscal 2024 Guidance The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months ended April 30, 2024. Third Quarter 2024 Highlights Net sales were $92.5 million, an increase of $1.3 million, or 1.4%, versus the prior year period. Gross profit was $51.4 million, an increase of $0.9 million, or 1.8%, versus the prior year period. Gross profit margin was 55.6%, up 20 basis points versus the prior year period. Net income was $13.3 million, or $0.12 p
Welcomes Sonoma-Cutrer Vineyards to The Duckhorn Portfolio Advances Route-to-Consumer Strategy Announces Preliminary Third Quarter 2024 Net Sales The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced that Deirdre Mahlan has been appointed President, Chief Executive Officer and Chairperson, effective immediately. Mahlan has been a member of The Duckhorn Portfolio, Inc. Board of Directors since March 2021. For the past six months, she has served as interim President, Chief Executive Officer and Chairperson, during which time the Board conducted an internal and external leadership search and determined that Mahlan is best positioned to lead the Company forward. "We a
Net Sales of $103.0 million, approximately flat year over year Net Income of $15.9 million, up approximately 6% year over year Adjusted EBITDA of $42.7 million, up approximately 10% year over year Updates Fiscal Year 2024 Guidance The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months ended January 31, 2024. Second Quarter 2024 Highlights Net sales were $103.0 million, a decrease of $0.4 million, or 0.4%, versus the prior year period. Gross profit was $58.3 million, an increase of $3.1 million, or 5.7%, versus the prior year period. Gross profit margin was 56.6%, up 330 basis points versus the prior year period.
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it will report financial results for the second quarter ended January 31, 2024, on Thursday, March 7, 2024, after market close. The Company will host a conference call to discuss these results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time.) Investors interested in participating in the live call can dial 833-470-1428 from the U.S. and 404-975-4839 internationally, and enter confirmation code 916175. A telephone replay will be available approximately two hours after the call concludes through Thursday, March 21, 2024, by dialing 866-813-9403 or 929-458-6194, and entering confirmation code 518053. There will
First Quarter Net Sales of $102.5 million First Quarter Net Income of $15.5 million; Adjusted Net Income of $17.2 million First Quarter Adjusted EBITDA of $34.7 million The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months ended October 31, 2023. First Quarter 2024 Highlights Net sales were $102.5 million, a decrease of $5.7 million, or 5.2%, versus the prior year period. Gross profit was $53.9 million, a decrease of $0.9 million, or 1.6%, versus the prior year period. Gross profit margin was 52.5%, up 190 basis points versus the prior year period. Net income was $15.5 million, or $0.13 per diluted share, versus
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards ("Sonoma-Cutrer"), one of the largest luxury Chardonnay wineries in the U.S., from Brown-Forman Corporation ("Brown-Forman"), for approximately $400 million to be paid in a combination of Company stock and cash. Sonoma-Cutrer Vineyards was founded in 1973 and released its first wine in 1981. It has grown to be one of California's best-known luxury Chardonnay brands, famous for its refined style and commitment to merging traditional and innovative winemaking techniques. Their highly acclaimed Chardonnay primarily sells at retail price p
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it will report financial results for the first quarter ended October 31, 2023, on Wednesday, December 6, 2023, after market close. The Company will host a conference call to discuss these results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time.) Investors interested in participating in the live call can dial 833-470-1428 from the U.S. and 404-975-4839 internationally, and enter confirmation code 889702. A telephone replay will be available approximately two hours after the call concludes through Wednesday, December 20, 2023, by dialing 929-458-6194 or 866-813-9403, and entering confirmation code 167251. Ther
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The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced the appointment of Dave Burwick to its Board of Directors, effective May 21, 2024. Burwick brings over 30 years of beverage industry experience, most recently serving as President and Chief Executive Officer of The Boston Beer Company (NYSE:SAM), a leading alcoholic beverage company. Burwick will serve as the chairperson of the Company's Nominating and Corporate Governance Committee and as a member of the Company's Audit Committee. "Dave is an accomplished beverage executive with operational and strategic expertise that brings incremental value and perspective to The Duckhorn Portfolio Board," said Deirdre Mahlan, Pr
Board Appoints Industry Veteran Deirdre Mahlan Interim CEO, Initiates Search for New Leader The Duckhorn Portfolio, Inc. (("Duckhorn, NYSE:NAPA) today announced that Alex Ryan is retiring from his role as President, Chief Executive Officer and Chairman of the company. The Duckhorn Board of Directors has appointed Deirdre Mahlan, a veteran of the alcohol and beverage industry, as interim President, Chief Executive Officer and Chairperson, and has initiated a search for a new leader. "Alex dedicated his professional life to growing our business, and he has now decided to step away to focus on family and personal matters, and offered to be available to the company to ensure a smooth transi
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4 - Duckhorn Portfolio, Inc. (0001835256) (Issuer)
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RBC Capital Mkts downgraded The Duckhorn Portfolio from Outperform to Sector Perform
Barclays downgraded The Duckhorn Portfolio from Overweight to Equal Weight and set a new price target of $8.00 from $11.00 previously
BofA Securities downgraded The Duckhorn Portfolio from Neutral to Underperform and set a new price target of $8.00 from $11.00 previously
BofA Securities downgraded The Duckhorn Portfolio from Buy to Neutral and set a new price target of $11.00 from $15.00 previously
Jefferies initiated coverage of The Duckhorn Portfolio with a rating of Buy and set a new price target of $13.00
BMO Capital Markets initiated coverage of The Duckhorn Portfolio with a rating of Market Perform and set a new price target of $14.00
Barclays upgraded The Duckhorn Portfolio from Equal Weight to Overweight
Wedbush initiated coverage of The Duckhorn Portfolio with a rating of Outperform and set a new price target of $18.00
JP Morgan downgraded The Duckhorn Portfolio from Overweight to Neutral and set a new price target of $19.00 from $24.00 previously
Citigroup resumed coverage of The Duckhorn Portfolio with a rating of Buy and set a new price target of $22.00 from $24.00 previously
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it has entered into expanded distribution agreements with Johnson Brothers. The Company's entry into these agreements is the second phase of a comprehensive strategic evaluation of its wholesale distribution network across the United States, with the goal of driving the profitable growth of the Company's sales through a substantial increase in focus and investment in the wholesale channel. It is expected that Johnson Brothers will begin distribution of The Duckhorn Portfolio's wines in their new territory later this summer.
Citigroup analyst Alexandra Davis maintains Duckhorn Portfolio (NYSE:NAPA) with a Buy and lowers the price target from $11 to $10.
BMO Capital analyst Andrew Strelzik maintains Duckhorn Portfolio (NYSE:NAPA) with a Market Perform and lowers the price target from $10 to $9.
Fiscal Year 2024 GuidanceThe Company is updating guidance to the ranges below for Fiscal Year 2024 (which includes sales of Sonoma-Cutrer Vineyards wines in the fourth quarter):(amounts in millions, except per share data and percentages)Fiscal year ended July 31, 2024Net sales (including Sonoma-Cutrer Vineyards net sales)$398-$408Sonoma-Cutrer Vineyards net sales of approximately$16Adjusted EBITDA$146-$150Adjusted EPS$0.56-$0.58Diluted share count123.5Effective tax rate27%-29%
Duckhorn Portfolio (NYSE:NAPA) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.15 by 6.67 percent. This is a 12.5 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $92.53 million which missed the analyst consensus estimate of $93.60 million by 1.14 percent. This is a 1.41 percent increase over sales of $91.24 million the same period last year.
RBC Capital analyst Nik Modi maintains Duckhorn Portfolio (NYSE:NAPA) with a Outperform and lowers the price target from $14 to $11.
Wedbush analyst Gerald Pascarelli maintains Duckhorn Portfolio (NYSE:NAPA) with a Outperform and lowers the price target from $11 to $10.
Fourth Quarter Net Sales of $107.4 million, an Increase of 7.3% Fourth Quarter Net Income of $11.3 million; Adjusted Net Income of $20.4 million Fourth Quarter Adjusted EBITDA of $39.9 million, an Increase of 16.7% The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months and fiscal year ended July 31, 2024. Fourth Quarter 2024 Highlights Net sales were $107.4 million, an increase of $7.3 million, or 7.3%, versus the prior year. Excluding Sonoma-Cutrer, net sales declined $13.9 million or 13.9% versus the prior year, due primarily to the shift in timing of the Kosta Browne Appellation Series release into Q3 in fiscal 2024 from Q
Transaction to Accelerate The Duckhorn Portfolio's Leading Luxury Wine Portfolio and Continue Butterfly's Strategy of Partnering with Leading Food and Beverage Companies The Duckhorn Portfolio's Stockholders to Receive $11.10 Per Share in Cash The Duckhorn Portfolio Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results The Duckhorn Portfolio (NYSE:NAPA) ("Duckhorn" or the "Company"), North America's premier luxury wine company, and Butterfly Equity ("Butterfly"), a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced that they have entered into a definitive agreement (the "Agreement") pursuant to which Duckhorn will be acquire
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it will report financial results for the fourth quarter and fiscal year ended July 31, 2024, on Monday, October 7, 2024, after market close. The Company will host a conference call to discuss these results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors interested in participating in the live call can dial 833-470-1428, from the U.S., and 404-975-4839, internationally, and enter confirmation code 953728. A telephone replay will be available approximately two hours after the call concludes through Monday, October 28, 2024, by dialing 866-813-9403 or 929-458-6194, and entering confirmation code 561952
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced today that it has entered into expanded distribution agreements with Johnson Brothers. The Company's entry into these agreements is the second phase of a comprehensive strategic evaluation of its wholesale distribution network across the United States, with the goal of driving the profitable growth of the Company's sales through a substantial increase in focus and investment in the wholesale channel. It is expected that Johnson Brothers will begin distribution of The Duckhorn Portfolio's wines in their new territory later this summer. "With the recent closing of our Sonoma-Cutrer acquisition, The Duckhorn Portfolio has gro
Net Sales of $92.5 million, up 1.4% year over year; Net Income of $13.3 million, down 20.7% year over year; Adjusted EBITDA of $37.7 million, up 5.3% year over year; Updates Fiscal 2024 Guidance The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months ended April 30, 2024. Third Quarter 2024 Highlights Net sales were $92.5 million, an increase of $1.3 million, or 1.4%, versus the prior year period. Gross profit was $51.4 million, an increase of $0.9 million, or 1.8%, versus the prior year period. Gross profit margin was 55.6%, up 20 basis points versus the prior year period. Net income was $13.3 million, or $0.12 p
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced the appointment of Dave Burwick to its Board of Directors, effective May 21, 2024. Burwick brings over 30 years of beverage industry experience, most recently serving as President and Chief Executive Officer of The Boston Beer Company (NYSE:SAM), a leading alcoholic beverage company. Burwick will serve as the chairperson of the Company's Nominating and Corporate Governance Committee and as a member of the Company's Audit Committee. "Dave is an accomplished beverage executive with operational and strategic expertise that brings incremental value and perspective to The Duckhorn Portfolio Board," said Deirdre Mahlan, Pr
Brown-Forman (NYSE:BFA, BFB))) announced today that it completed the sale of Sonoma-Cutrer Vineyards and related brand trademarks to The Duckhorn Portfolio, Inc. (NYSE:NAPA), a premier wine group, on April 30, 2024. In November 2023, Brown-Forman disclosed it had reached an agreement to sell the brand in exchange for an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD. As part of the agreement, The Duckhorn Portfolio has named two Brown-Forman executives to its Board of Directors, Marshall Farrer, Chief Strategic Growth Officer, and Tim Nall, Chief Global Supply Chain and Technology Officer. Under the terms of the agreement, the Sonoma-Cutrer bra
Welcomes Sonoma-Cutrer Vineyards to The Duckhorn Portfolio Advances Route-to-Consumer Strategy Announces Preliminary Third Quarter 2024 Net Sales The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced that Deirdre Mahlan has been appointed President, Chief Executive Officer and Chairperson, effective immediately. Mahlan has been a member of The Duckhorn Portfolio, Inc. Board of Directors since March 2021. For the past six months, she has served as interim President, Chief Executive Officer and Chairperson, during which time the Board conducted an internal and external leadership search and determined that Mahlan is best positioned to lead the Company forward. "We a
Adds Two New Members to the Board of Directors The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced the completion, effective April 30, 2024, of its acquisition of Sonoma-Cutrer Vineyards ("Sonoma-Cutrer"), one of the largest and fastest-growing luxury Chardonnay brands in the U.S., from spirits and wine company, Brown-Forman Corporation (NYSE:BF) ("Brown-Forman"). The Duckhorn Portfolio has named two Brown-Forman executives to its Board of Directors, Marshall Farrer, Chief Strategic Growth Officer, and Tim Nall, Chief Global Supply Chain and Technology Officer. The Company finalized the acquisition for the previously announced consideration of approximately $50 million of
Net Sales of $103.0 million, approximately flat year over year Net Income of $15.9 million, up approximately 6% year over year Adjusted EBITDA of $42.7 million, up approximately 10% year over year Updates Fiscal Year 2024 Guidance The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today reported its financial results for the three months ended January 31, 2024. Second Quarter 2024 Highlights Net sales were $103.0 million, a decrease of $0.4 million, or 0.4%, versus the prior year period. Gross profit was $58.3 million, an increase of $3.1 million, or 5.7%, versus the prior year period. Gross profit margin was 56.6%, up 330 basis points versus the prior year period.
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