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The Duckhorn Portfolio Announces Fourth Quarter and Fiscal Year 2024 Financial Results
The Duckhorn Portfolio (NYSE: NAPA) reported its Q4 and fiscal year 2024 financial results. Q4 highlights include:
Net sales of $107.4 million, up 7.3% year-over-year
Net income of $11.3 million, or $0.08 per diluted share
Adjusted EBITDA of $39.9 million, up 16.7%
Fiscal year 2024 highlights include:
Net sales of $405.5 million, up 0.7% year-over-year
Net income of $56.0 million, or $0.45 per diluted share
Adjusted EBITDA of $155.1 million, up 7.3%
The company successfully integrated Sonoma-Cutrer, contributing to volume growth. However, excluding Sonoma-Cutrer, net sales declined due to shifts in release timing and product mix.
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