The Duckhorn Portfolio, Inc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2021
October 04, 2021 at 04:15 pm EDT
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The Duckhorn Portfolio, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2021. For the quarter, the company reported net sales of $70,893,000 compared with $52,231,000 a year ago. Income from operations was $9,912,000 compared with loss from operations of $2,112,000 a year ago. Net income was $7,426,000 compared with net loss of $2,725,000 a year ago. Basic and diluted net income per share were $0.06 compared with Basic and diluted net loss per share of $0.03 a year ago.
For the nine months, the company reported net sales of $336,613,000 compared with $270,648,000 a year ago. Income from operations was $84,091,000 compared with $63,191,000 a year ago. Net income was $55,970,000 compared with $32,378,000 a year ago. Basic and diluted net income per share were $0.52 compared with $0.32 a year ago.
The Duckhorn Portfolio, Inc. is a producer of luxury wines in North America. The Company makes a curated and comprehensive portfolio of luxury wines across multiple varieties, appellations, brands and price points. It sells its wines in approximately 50 states and over 50 countries at prices ranging from $20 to $200 per bottle under a portfolio of winery brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing and Postmark. It sells its wines on its wholesale channel, to distributors and directly to trade accounts in California, and to consumers on its direct-to-consumer (DTC) channel. The Company has approximately 10 wineries, nine winemaking facilities, seven tasting rooms and over 1,100 coveted acres of vineyards spanning 32 estate properties.
THE DUCKHORN PORTFOLIO, INC. 
