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
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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 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.