The Duckhorn Portfolio, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 30, 2022
June 02, 2022 at 04:15 pm EDT
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The Duckhorn Portfolio, Inc. reported earnings results for the third quarter and nine months ended April 30, 2022. For the third quarter, the company reported sales was USD 91.58 million compared to USD 90.43 million a year ago. Net income was USD 15.57 million compared to USD 9.02 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.08 a year ago.
For the nine months, sales was USD 294.5 million compared to USD 265.72 million a year ago. Net income was USD 54.77 million compared to USD 48.55 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.47 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. 
