The Duckhorn Portfolio, Inc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2021
October 04, 2021 at 04:15 pm
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The Duckhorn Portfolio, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2021. For the quarter, the company reported net sales of $70,893,000 compared with $52,231,000 a year ago. Income from operations was $9,912,000 compared with loss from operations of $2,112,000 a year ago. Net income was $7,426,000 compared with net loss of $2,725,000 a year ago. Basic and diluted net income per share were $0.06 compared with Basic and diluted net loss per share of $0.03 a year ago.
For the nine months, the company reported net sales of $336,613,000 compared with $270,648,000 a year ago. Income from operations was $84,091,000 compared with $63,191,000 a year ago. Net income was $55,970,000 compared with $32,378,000 a year ago. Basic and diluted net income per share were $0.52 compared with $0.32 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.