The Duckhorn Portfolio, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
March 07, 2024 at 04:12 pm EST
Share
The Duckhorn Portfolio, Inc. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported sales was USD 103.05 million compared to USD 103.49 million a year ago. Net income was USD 15.86 million compared to USD 14.92 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago.
For the six months, sales was USD 205.55 million compared to USD 211.66 million a year ago. Net income was USD 31.39 million compared to USD 34.73 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.3 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. 
