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 luxury wine company in North America. The Company offers a curated and comprehensive portfolio of luxury wines with price points ranging from $20 to $230 across more than 15 varietals and 39 appellations. The Companyâs portfolio features some of North Americaâs wineries, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing. It sources grapes from its own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, Californiaâs North and Central coasts, Oregon and Washington State. Its wines are available throughout the United States, on five continents, and in more than 50 countries around the world. The Company operates over eleven wineries, ten winemaking facilities, eight tasting rooms and over 2,200 coveted acres of vineyards spanning 38 estate properties.