Duckhorn PortfolioNYSE: NAPA

NAPA reported 3Q24 results with declining luxury wine demand and higher distributor inventory levels. I remain sell rated for NAPA. Uncertain outlook for NAPA due to high interest rates, potential rate hikes, and volatile market conditions.

The Duckhorn Portfolio, Inc. (NAPA) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.

ST. HELENA, Calif.--(BUSINESS WIRE)--The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced today that it has entered into distribution agreements with Republic National Distributing Company (RNDC) and Breakthru Beverage Group (BBG). The Company's entry into these agreements is the culmination of a comprehensive strategic evaluation of its wholesale distribution network across the United States, with the goal of driving the profitable growth of the Company's sales through a substan.

Duckhorn operates a portfolio of wine brands in the >$15 luxury segment with a track record of good growth and very high margins. The growth has required quite a good amount of capital with increased inventories and a recent investment in a new production facility among other investments. The company currently faces issues from slower demand for wine, but has continued to grab market share in a challenging market.

Start Time: 16:30 January 1, 0000 5:13 PM ET The Duckhorn Portfolio, Inc. (NYSE:NAPA ) Q2 2024 Earnings Conference Call March 07, 2024, 16:30 PM ET Company Participants Deirdre Mahlan - Interim President, CEO and Chairperson Jennifer Fall Jung - EVP and CFO Sean Sullivan - EVP, Chief Strategy and Legal Officer Ben Avenia-Tapper - VP, IR Conference Call Participants Nik Modi - RBC Kaumil Gajrawala - Jeffries Lauren Lieberman - Barclays Greg Porter - Evercore Drew Levine - JPMorgan Andrew Strelzik - BMO Peter Galbo - Bank of America Operator Good evening, ladies and gentlemen. Thank you for joining today's Duckhorn Portfolio Q2 2024 Earnings Conference Call.

The Duckhorn Portfolio, Inc. (NAPA) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago.

Investors interested in stocks from the Beverages - Alcohol sector have probably already heard of Molson Coors Brewing (TAP) and The Duckhorn Portfolio, Inc. (NAPA). But which of these two stocks is more attractive to value investors?

Investors interested in Beverages - Alcohol stocks are likely familiar with Molson Coors Brewing (TAP) and The Duckhorn Portfolio, Inc. (NAPA). But which of these two stocks offers value investors a better bang for their buck right now?

The Duckhorn Portfolio, Inc. (NAPA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.