Raises Fiscal Year 2023 Outlook
Net Sales of $91.2 million
Net Income of $16.8 million; Adjusted Net
Income of $19.0 million
Adjusted EBITDA of $35.8 million
The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) today
reported its financial results for the three months ended April 30,
2023.
Third Quarter 2023 Highlights
- Net sales were $91.2 million, a decrease of $0.3 million, or
0.4%, versus the prior year period.
- Gross profit was $50.5 million, an increase of $6.5 million, or
14.9%, versus the prior year period. Gross profit margin was 55.4%,
up 740 basis points versus the prior year period. Adjusted gross
profit was $51.0 million, an increase of $2.9 million, or 6.0%,
versus the prior year period. Adjusted gross profit margin was
55.8%, up 330 basis points versus the prior year period.
- Net income was $16.8 million, or $0.15 per diluted share,
versus $15.6 million, or $0.14 per diluted share, in the prior year
period. Adjusted net income was $19.0 million, or $0.16 per diluted
share, versus $19.2 million, or $0.17 per diluted share, in the
prior year period.
- Adjusted EBITDA was $35.8 million, an increase of $2.9 million,
or 9.0%, and margin increased 340 basis points versus the prior
year period.
- Cash was $36.1 million as of April 30, 2023. The Company’s
leverage ratio was 1.7x net debt (net of deferred financing costs),
to trailing twelve months adjusted EBITDA.
“Given our consistent out-performance year-to-date and
confidence in sustained momentum for the balance of the year, we
are pleased to again be upwardly revising our Fiscal 2023
guidance,” commented Alex Ryan, President, Chief Executive Officer
and Chairman. “We believe we are well-positioned to meet our
financial targets and to drive long-term value for our
stockholders.”
“Our third quarter results provide another example of how our
unique combination of superior brand strength, differentiated go to
market strategy and advantaged scale enable us to continue taking
share, even against an uncertain near-term macroeconomic
environment.”
Ryan continued, “Our consistent third quarter performance,
including volume growth and robust margin expansion, are a
testament to both our operational fortitude and our customers’
resilience, as wine enthusiasts and trade partners alike continue
to trust in our winery brands to deliver exceptional quality.”
Third Quarter 2023 Results
Three months ended April
30,
2023
2022
Net sales growth
(0.4
) %
1.3
%
Volume contribution
3.5
%
(0.6
) %
Price / mix contribution
(3.9
) %
1.9
%
Three months ended April
30,
2023
2022
Wholesale – Distributors
68.6
%
62.0
%
Wholesale – California direct to trade
17.5
16.6
DTC
13.9
21.4
Net sales
100.0
%
100.0
%
Net sales were $91.2 million, a decrease of $0.3 million, or
0.4%, versus $91.6 million in the prior year period. The decrease
in net sales was primarily attributable to the impact of previously
announced shifts in DTC channel shipments between Fiscal Q3 and
Fiscal Q4 versus the prior year period, partially offset by price
increases and volume contribution. Absent the planned shifts in DTC
channel shipments, we would have seen low double digit net sales
growth in the quarter, which speaks to the health of the
business.
Gross profit was $50.5 million, an increase of $6.5 million, or
14.9%, versus the prior year period. Gross profit margin was 55.4%,
improving 740 basis points versus the prior year period. Margins
expanded as a result of favorable brand mix and price increases
taken earlier in the fiscal year, lapping seltzer inventory
reserves in the prior year period that were unrelated to our core
operating performance, and partially offset by margin impacts from
the shifts in DTC shipment timing. Adjusted gross profit was $51.0
million, an increase of $2.9 million, or 6.0%, versus the prior
year period. Adjusted gross profit margin was 55.8%, up 330 basis
points versus the prior year period.
Total selling, general and administrative expenses were $24.0
million, an increase of $0.9 million, or 3.7%, versus $23.1 million
in the prior year period. Adjusted selling, general, and
administrative expenses were $20.5 million, an increase of $0.9
million, or 4.4%, versus the prior year period. The increase was
largely attributable to higher compensation and other selling
costs, partially offset by timing of expenses versus the prior year
period.
Net income was $16.8 million, or $0.15 per diluted share, versus
$15.6 million, or $0.14 per diluted share, in the prior year
period. Adjusted net income was $19.0 million, or $0.16 per diluted
share, versus $19.2 million, or $0.17 per diluted share, in the
prior year period. The results for the quarter were bolstered by
higher gross profit and partially offset by increases in operating
and interest expenses.
Adjusted EBITDA was $35.8 million, an increase of $2.9 million,
or 9.0%, versus $32.9 million in the prior year period. Adjusted
EBITDA margin increased 340 basis points versus the prior year
period. These results were primarily driven by higher sales
volumes, price increases and favorable brand mix, partially offset
by the impacts of the DTC shipment timing shifts and higher
operating expenses noted earlier.
Fiscal 2023 Guidance
The Company is upwardly revising net sales, adjusted EBITDA, and
adjusted EPS guidance previously provided for Fiscal 2023.
The Company’s revised guidance ranges are presented below for
Fiscal 2023:
(amounts in millions, except per share
data and percentages)
Fiscal year ended July 31,
2023
Net sales
$400
-
$404
Adjusted EBITDA
$138
-
$140
Adjusted EPS
$0.64
-
$0.66
Diluted share count
115
-
116
Effective tax rate
25%
-
27%
Conference Call and Webcast
The Company will host a conference call and webcast today to
discuss these results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern
Time). Investors interested in participating in the live call can
dial 844-200-6205 from the U.S. and 929-526-1599 internationally,
and enter confirmation code 085472. A telephone replay will be
available approximately two hours after the call concludes through
Thursday, June 22, 2023 by dialing 929-458-6194 or 866-813-9403,
and entering confirmation code 536706. There will also be a
simultaneous, live webcast available on the Company’s investor
relations website at https://ir.duckhorn.com. The webcast will be
archived for 30 days.
About The Duckhorn Portfolio, Inc.
The Duckhorn Portfolio is North America’s premier luxury wine
company, with ten wineries, eight state-of-the-art winemaking
facilities, seven tasting rooms and over 1,100 coveted acres of
vineyards spanning 32 Estate properties. Established in 1976, when
vintners Dan and Margaret Duckhorn founded Napa Valley’s Duckhorn
Vineyards, today, our portfolio features some of North America’s
most revered wineries, including Duckhorn Vineyards, Decoy,
Paraduxx, Goldeneye, Migration, Canvasback, Calera, Kosta Browne,
Greenwing and Postmark. Sourcing grapes from our own Estate
vineyards and fine growers in Napa Valley, Sonoma County, Anderson
Valley, California’s North and Central coasts, and Washington
State, we offer a curated and comprehensive portfolio of acclaimed
luxury wines with price points ranging from $20 to $200 across more
than 15 varietals and 31 appellations. Our wines are available
throughout the United States, on five continents, and in more than
50 countries around the world. To learn more, visit us at:
https://www.duckhornportfolio.com/. Investors can access
information on our investor relations website at:
https://ir.duckhorn.com.
Use of Non-GAAP Financial Information
In addition to the Company’s results, which are determined in
accordance with generally accepted accounting principles in the
United States (“GAAP”), the Company believes the following non-GAAP
measures presented in this press release and discussed on the
related teleconference call are useful in evaluating its operating
performance: adjusted gross profit, adjusted EBITDA, adjusted net
income and adjusted EPS. Certain of these non-GAAP measures exclude
depreciation and amortization, non-cash equity-based compensation
expense, purchase accounting adjustments, casualty losses or gains,
impairment losses, inventory write-downs, changes in the fair value
of derivatives, and certain other items, net of the tax effects of
all such adjustments, which are not related to the Company’s core
operating performance. The Company believes that these non-GAAP
financial measures are provided to enhance the reader’s
understanding of our past financial performance and our prospects
for the future. The Company’s management team uses these non-GAAP
financial measures to evaluate business performance in comparison
to budgets, forecasts and prior period financial results. The
non-GAAP financial information is presented for supplemental
informational purposes only and should not be considered a
substitute for financial information presented in accordance with
GAAP, and may be different from similarly titled non-GAAP measures
used by other companies. A reconciliation is provided herein for
each non-GAAP financial measure to the most directly comparable
financial measure stated in accordance with GAAP. Readers are
encouraged to review the related GAAP financial measures and the
reconciliation of these non-GAAP financial measures to their most
directly comparable GAAP financial measures.
Forward-Looking Statements
This press release includes forward-looking statements. These
forward-looking statements generally can be identified by the use
of words such as “anticipate,” “expect,” “plan,” “could,” “may,”
“will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and
other words of similar meaning. These forward-looking statements
address various matters including statements regarding the timing
or nature of future operating or financial performance or other
events. For example, all statements The Duckhorn Portfolio makes
relating to its estimated and projected financial results or its
plans and objectives for future operations, growth initiatives or
strategies are forward-looking statements. Each forward-looking
statement contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others, the Company’s ability to
manage the growth of its business; the Company’s reliance on its
brand name, reputation and product quality; the effectiveness of
the Company’s marketing and advertising programs, including the
consumer reception of the launch and expansion of our product
offerings; general competitive conditions, including actions the
Company’s competitors may take to grow their businesses; overall
decline in the health of the economy and the impact of inflation on
consumer discretionary spending and consumer demand for wine; the
occurrence of severe weather events (including fires, floods and
earthquakes), catastrophic health events, natural or man-made
disasters, social and political conditions, war or civil unrest;
risks associated with disruptions in the Company’s supply chain for
grapes and raw and processed materials, including corks, glass
bottles, barrels, winemaking additives and agents, water and other
supplies; risks associated with the disruption of the delivery of
the Company’s wine to customers; the impact of COVID-19 and its
variants on the Company’s customers, suppliers, business operations
and financial results; disrupted or delayed service by the
distributors and government agencies the Company relies on for the
distribution of its wines outside of California; the Company’s
ability to successfully execute its growth strategy; decreases in
the Company’s wine score ratings by wine rating organizations;
quarterly and seasonal fluctuations in the Company’s operating
results; the Company’s success in retaining or recruiting, or
changes required in, its officers, key employees or directors; the
Company’s ability to protect its trademarks and other intellectual
property rights, including its brand and reputation; the Company’s
ability to comply with laws and regulations affecting its business,
including those relating to the manufacture, sale and distribution
of wine; the risks associated with the legislative, judicial,
accounting, regulatory, political and economic risks and conditions
specific to both domestic and to international markets; claims,
demands and lawsuits to which the Company is, and may in the
future, be subject and the risk that its insurance or indemnities
coverage may not be sufficient; the Company’s ability to operate,
update or implement its IT systems; the Company’s ability to
successfully pursue strategic acquisitions and integrate acquired
businesses; the Company’s potential ability to obtain additional
financing when and if needed; the Company’s substantial
indebtedness and its ability to maintain compliance with
restrictive covenants in the documents governing such indebtedness;
the Company’s sponsor’s significant influence over the Company, and
the Company’s status as a “controlled company” under the rules of
the New York Stock Exchange; the potential liquidity and trading of
the Company’s securities; the future trading prices of the
Company’s common stock and the impact of securities analysts’
reports on these prices; and the risks identified in the Company’s
other filings with the SEC. The Company cautions investors not to
place considerable reliance on the forward-looking statements
contained in this press release. You are encouraged to read the
Company’s filings with the SEC, available at www.sec.gov, for a
discussion of these and other risks and uncertainties. The
forward-looking statements in this press release speak only as of
the date of this document, and the Company undertakes no obligation
to update or revise any of these statements. The Company’s business
is subject to substantial risks and uncertainties, including those
referenced above. Investors, potential investors, and others should
give careful consideration to these risks and
uncertainties.
THE DUCKHORN PORTFOLIO, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in
thousands, except share and per share data)
April 30, 2023
July 31, 2022
ASSETS
Current assets:
Cash
$
36,077
$
3,167
Accounts receivable trade, net
43,274
37,026
Inventories
327,313
285,430
Prepaid expenses and other current
assets
10,929
13,898
Total current assets
417,593
339,521
Long-term assets
Property and equipment, net
267,474
269,659
Operating lease right-of-use assets
20,875
23,375
Intangible assets, net
186,116
191,786
Goodwill
425,209
425,209
Other long-term assets
5,286
1,963
Total long-term assets
904,960
911,992
Total assets
$
1,322,553
$
1,251,513
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current liabilities:
Accounts payable
$
2,914
$
3,382
Accrued expenses
31,909
29,475
Accrued compensation
12,063
12,893
Deferred revenue
13,156
272
Current operating lease liabilities
3,647
3,498
Current maturities of long-term debt
9,721
9,810
Other current liabilities
3,214
672
Total current liabilities
76,624
60,002
Long-term liabilities
Revolving line of credit, net
—
108,674
Long-term debt, net of current maturities
and debt issuance costs
213,158
105,074
Operating lease liabilities
17,117
19,732
Deferred income taxes
90,483
90,483
Other long-term liabilities
2,217
387
Total long-term liabilities
322,975
324,350
Total liabilities
399,599
384,352
Stockholders' equity:
Common stock, $0.01 par value; 500,000,000
shares authorized; 115,293,780 issued and outstanding at April 30,
2023 and 115,184,161 issued and outstanding at July 31, 2022
1,153
1,152
Additional paid-in capital
735,871
731,597
Retained earnings
185,353
133,824
Total The Duckhorn Portfolio, Inc.
stockholders' equity
922,377
866,573
Non-controlling interest
577
588
Total stockholders' equity
922,954
867,161
Total liabilities and stockholders'
equity
$
1,322,553
$
1,251,513
THE DUCKHORN PORTFOLIO, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands, except share and per share
data)
Three months ended April
30,
Nine months ended April
30,
2023
2022
2023
2022
Net sales (net of excise taxes of $1,126,
$1,072, $4,179 and $4,056, respectively)
$
91,242
$
91,584
$
302,901
$
294,501
Cost of sales
40,731
47,622
142,494
148,652
Gross profit
50,511
43,962
160,407
145,849
Selling, general and administrative
expenses
23,989
23,126
79,307
70,178
Income from operations
26,522
20,836
81,100
75,671
Interest expense
2,993
1,618
7,839
4,860
Other expense (income), net
729
(1,046
)
3,385
(2,477
)
Total other expenses, net
3,722
572
11,224
2,383
Income before income taxes
22,800
20,264
69,876
73,288
Income tax expense
6,006
4,699
18,358
18,483
Net income
16,794
15,565
51,518
54,805
Less: Net loss (income) attributable to
non-controlling interest
3
—
11
(35
)
Net income attributable to The Duckhorn
Portfolio, Inc.
$
16,797
$
15,565
$
51,529
$
54,770
Net income per share of common
stock:
Basic
$
0.15
$
0.14
$
0.45
$
0.48
Diluted
$
0.15
$
0.14
$
0.45
$
0.47
Weighted average shares of common stock
outstanding:
Basic
115,255,671
115,115,850
115,209,972
115,070,183
Diluted
115,367,455
115,281,724
115,425,034
115,347,808
THE DUCKHORN PORTFOLIO, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
Nine months ended April
30,
2023
2022
Cash flows from operating
activities
Net income
$
51,518
$
54,805
Adjustments to reconcile net income to net
cash from operating activities:
Depreciation and amortization
20,528
17,345
Loss on disposal of assets
75
12
Change in fair value of derivatives
2,943
(1,947
)
Amortization of debt issuance costs
774
1,206
Equity-based compensation
4,741
4,240
Change in operating assets and
liabilities:
Accounts receivable trade, net
(6,248
)
(5,851
)
Inventories
(39,278
)
(24,340
)
Prepaid expenses and other current
assets
1,633
1,767
Other long-term assets
(508
)
(46
)
Accounts payable
(352
)
1,535
Accrued expenses
3,681
4,550
Accrued compensation
(831
)
(5,820
)
Deferred revenue
12,884
425
Other current and long-term
liabilities
193
(26
)
Net cash provided by operating
activities
51,753
47,855
Cash flows from investing
activities
Purchases of property and equipment, net
of sales proceeds
(14,111
)
(24,798
)
Net cash used in investing activities
(14,111
)
(24,798
)
Cash flows from financing
activities
Payments under line of credit
(119,000
)
(77,000
)
Borrowings under line of credit
9,000
68,000
Issuance of long-term debt
225,833
—
Payments of long-term debt
(117,666
)
(8,538
)
Taxes paid related to net share settlement
of equity awards
(648
)
(839
)
Proceeds from employee stock purchase
plan
181
—
Payments for debt issuance costs
(2,432
)
—
Payments of deferred offering costs
—
(270
)
Net cash used in financing activities
(4,732
)
(18,647
)
Net increase in cash
32,910
4,410
Cash - Beginning of period
3,167
4,244
Cash - End of period
$
36,077
$
8,654
Supplemental cash flow
information
Interest paid, net of amount
capitalized
$
4,421
$
3,726
Income taxes paid
$
10,921
$
13,923
Non-cash investing activities
Property and equipment additions in
accounts payable and accrued expenses
$
332
$
507
THE DUCKHORN PORTFOLIO, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Adjusted gross profit, adjusted net income, adjusted EBITDA and
adjusted EPS, collectively referred to as “Non-GAAP Financial
Measures,” are commonly used in the Company’s industry and should
not be construed as an alternative to net income or earnings per
share as indicators of operating performance (as determined in
accordance with GAAP). These Non-GAAP Financial Measures may not be
comparable to similarly titled measures reported by other
companies. The Company has included these Non-GAAP Financial
Measures because it believes the measures provide management and
investors with additional information to evaluate business
performance in comparison to budgets, forecasts and prior year
financial results.
Non-GAAP Financial Measures are adjusted to exclude certain
items that affect comparability. The adjustments are itemized in
the tables below. You are encouraged to evaluate these adjustments
and the reason the Company considers them appropriate for
supplemental analysis. In evaluating adjustments, you should be
aware that in the future the Company may incur expenses that are
the same as or similar to some of the adjustments set forth below.
The presentation of Non-GAAP Financial Measures should not be
construed as an inference that future results will be unaffected by
unusual or recurring items.
Adjusted EBITDA
Adjusted EBITDA is a non-GAAP financial measure that the Company
calculates as net income before interest, taxes, depreciation and
amortization, non-cash equity-based compensation expense, purchase
accounting adjustments, casualty losses or gains, changes in the
fair value of derivatives and certain other items which are not
related to our core operating performance. Adjusted EBITDA is a key
performance measure the Company uses in evaluating its operational
results. The Company believes adjusted EBITDA is a helpful measure
to provide investors an understanding of how management regularly
monitors the Company’s core operating performance, as well as how
management makes operational and strategic decisions in allocating
resources. The Company believes adjusted EBITDA also provides
management and investors consistency and comparability with the
Company’s past financial performance and facilitates period to
period comparisons of operations, as it eliminates the effects of
certain variations unrelated to its overall performance.
Adjusted EBITDA has certain limitations as an analytical tool,
and you should not consider it in isolation or as a substitute for
analysis of the Company’s results as reported under GAAP. Some of
these limitations include:
- although depreciation and amortization are non-cash charges,
the assets being depreciated and amortized may have to be replaced
in the future, and adjusted EBITDA does not reflect cash capital
expenditure requirements for such replacements or for new capital
expenditure requirements;
- adjusted EBITDA does not reflect changes in, or cash
requirements for, the Company’s working capital needs;
- adjusted EBITDA does not reflect the significant interest
expense, or the cash requirements necessary to service interest or
principal payments, on the Company’s debt;
- adjusted EBITDA does not reflect income tax payments that may
represent a reduction in cash available to the Company; and
- other companies, including companies in the Company’s industry,
may calculate adjusted EBITDA differently, which reduce their
usefulness as comparative measures.
Because of these limitations, you should consider adjusted
EBITDA alongside other financial performance measures, including
net income and the Company’s other GAAP results. In evaluating
adjusted EBITDA, you should be aware that in the future the Company
may incur expenses that are the same as or similar to some of the
adjustments in this presentation. The Company’s presentation of
adjusted EBITDA should not be construed as an inference that the
Company’s future results will be unaffected by the types of items
excluded from the calculation of adjusted EBITDA.
Adjusted Gross Profit
Adjusted gross profit is a non-GAAP financial measure that the
Company calculates as gross profit excluding the impact of purchase
accounting adjustments (including depreciation and amortization
related to purchase accounting), non-cash equity-based compensation
expense and certain inventory charges. We believe adjusted gross
profit is a useful measure to us and our investors to assist in
evaluating our operating performance because it provides
consistency and direct comparability with our past financial
performance between fiscal periods, as the metric eliminates the
effects of non-cash or other expenses unrelated to our core
operating performance that would result in fluctuations in a given
metric for reasons unrelated to overall continuing operating
performance. Adjusted gross profit should not be considered a
substitute for gross profit or any other measure of financial
performance reported in accordance with GAAP.
Adjusted Net Income
Adjusted net income is a non-GAAP financial measure that the
Company calculates as net income excluding the impact of non-cash
equity-based compensation expense, purchase accounting adjustments,
casualty losses or gains, impairment losses (including certain
inventory charges), changes in the fair value of derivatives and
certain other items unrelated to core operating performance, as
well as the estimated income tax impacts of all such adjustments
included in this non-GAAP performance measure. We believe adjusted
net income assists us and our investors in evaluating our
performance period-over-period. In calculating adjusted net income,
we also calculate the following non-GAAP financial measures which
adjust each GAAP-based financial measure for the relevant portion
of each adjustment to reach adjusted net income:
- Adjusted SG&A – calculated as selling, general, and
administrative expenses excluding the impacts of purchase
accounting, transaction expenses and equity-based compensation;
and
- Adjusted income tax – calculated as the tax effect of all
adjustments to reach adjusted net income based on the applicable
blended statutory tax rate for the period.
Adjusted net income should not be considered a substitute for
net income or any other measure of financial performance reported
in accordance with GAAP.
Adjusted EPS
Adjusted EPS is a non-GAAP financial measure that the Company
calculates as adjusted net income divided by diluted share count
for the applicable period. We believe adjusted EPS is useful to us
and our investors because it improves the comparability of results
of operations from period to period. Adjusted EPS should not be
considered a substitute for net income per share or any other
measure of financial performance reported in accordance with
GAAP.
THE DUCKHORN PORTFOLIO, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Three months ended April 30, 2023 and
2022 (Unaudited, in thousands, except per share
data)
Three months ended April 30,
2023
Net
sales
Gross
profit
SG&A
Adjusted
EBITDA
Income
tax
Net
income
Diluted
EPS
GAAP results
$
91,242
$
50,511
$
23,989
$
16,797
$
6,006
$
16,797
$
0.15
Percentage of net sales
55.4
%
26.3
%
18.4
%
Interest expense
2,993
Income tax expense
6,006
Depreciation and amortization expense
108
(1,903
)
7,238
EBITDA
$
33,034
Purchase accounting adjustments
224
224
59
165
—
Transaction expenses
(142
)
142
(60
)
202
—
Change in fair value of derivatives
882
232
650
0.01
Equity-based compensation
111
(1,427
)
1,538
345
1,193
0.01
Non-GAAP results
$
91,242
$
50,954
$
20,517
$
35,820
$
6,582
$
19,007
$
0.16
Percentage of net sales
55.8
%
22.5
%
39.3
%
Three months ended April 30,
2022
Net
sales
Gross
profit
SG&A
Adjusted
EBITDA
Income
tax
Net
income
Diluted
EPS
GAAP results
$
91,584
$
43,962
$
23,126
$
15,565
$
4,699
$
15,565
$
0.14
Percentage of net sales
48.0
%
25.3
%
17.0
%
Interest expense
1,618
Income tax expense
4,699
Depreciation and amortization expense
123
(1,933
)
6,237
EBITDA
$
28,119
Purchase accounting adjustments
54
54
14
41
—
Transaction expenses
(347
)
347
87
259
—
Inventory write-down
3,935
3,935
992
2,943
0.03
Change in fair value of derivatives
(990
)
(249
)
(741
)
(0.01
)
Equity-based compensation
(1,154
)
1,365
313
1,052
0.01
Wildfire costs
(43
)
43
11
32
—
Non-GAAP results
$
91,584
$
48,074
$
19,649
$
32,873
$
5,867
$
19,151
$
0.17
Percentage of net sales
52.5
%
21.5
%
35.9
%
Note: Sum of individual amounts may not recalculate due to
rounding.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230608005691/en/
Investors Chris Mandeville, ICR ir@duckhorn.com 707-302-2635
Media Jessica Liddell, ICR DuckhornPR@icrinc.com
203-682-8200
Duckhorn Portfolio (NYSE:NAPA)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Duckhorn Portfolio (NYSE:NAPA)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024