MGP Ingredients(MGPI)

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LUXCO INTRODUCES CORTADA, A SMOKED TEQUILA
Prnewswire· 2025-06-10 14:15
Fourth-generation Master Distiller Graciela Gonzalez brings an old family recipe back to life with Cortada™ Blanco and Reposado Smoked Tequila, debuting in Denver this summerST. LOUIS, June 10, 2025 /PRNewswire/ -- Luxco, Inc. announces the launch of Cortada Smoked Tequila – a new premium tequila cut with a whisper of smoke. Offering both Blanco and Reposado varieties, Cortada Smoked Tequila is available exclusively in Denver and through e-commerce in partnership with Shared Pour. Cortada Smoked Tequila Bla ...
Penelope Bourbon makes a big splash in the cigar scene with Cigar Sessions Chapter 1 American Whiskey
Prnewswire· 2025-06-03 15:16
Limited-edition release crafted for the ultimate medium-bodied cigar pairing is the first in a series of releases to enhance the complexity and enjoyment of cigar occasionsST. LOUIS, June 3, 2025 /PRNewswire/ -- Whiskey and cigars have always been savored together, but never quite like this – Penelope Bourbon elevates the timeless pairing of whiskey and cigars with the debut of Cigar Sessions Chapter 1. Always innovating, the Penelope team struck a match for cigar lovers by crafting the first-of-its-kind ci ...
Rebel Bourbon and Childress Vineyards introduce Rebel 100 Childress Vineyards Cabernet Franc Barrel Finish
Prnewswire· 2025-05-21 13:00
The latest limited-edition offering will be available in North Carolina and at Lux Row Distillers ST. LOUIS, May 21, 2025 /PRNewswire/ -- Bardstown, Kentucky-based Rebel Bourbon – the Official Bourbon of Richard Childress Racing (RCR) – teamed up with Childress Vineyards on the release of Rebel 100 Childress Vineyards Cabernet Franc Barrel Finish. This limited-release offering features Rebel's original time-honored wheated recipe, aged four years, finished in Childress Vineyards Cabernet Franc barrels and b ...
MGP Ingredients(MGPI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:02
MGP Ingredients (MGPI) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Amit Sharma - VP - Investor RelationsBrandon Gall - Interim President & CEO; Vice President of Finance and CFOMark Davidson - VP Corporate Controller and Head of TreasuryMarc Torrente - Vice President - Equity ResearchBill Chappell - Managing DirectorSeamus Cassidy - Vice President - Equity ResearchMitchell Pinheiro - Director - Research Conference Call Participants Sean McGowan - MD & Senior Research AnalystBen Kliev ...
MGP Ingredients(MGPI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 15:02
MGP Ingredients (MGPI) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Amit Sharma - VP - Investor RelationsBrandon Gall - Interim President & CEO; Vice President of Finance and CFOMark Davidson - VP Corporate Controller and Head of TreasuryMarc Torrente - Vice President - Equity ResearchBill Chappell - Managing DirectorSeamus Cassidy - Vice President - Equity ResearchMitchell Pinheiro - Director - Research Conference Call Participants Sean McGowan - MD & Senior Research AnalystBen Kliev ...
MGP (MGPI) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-01 14:36
For the quarter ended March 2025, MGP (MGPI) reported revenue of $121.65 million, down 28.7% over the same period last year. EPS came in at $0.36, compared to $1.07 in the year-ago quarter.The reported revenue represents a surprise of +7.41% over the Zacks Consensus Estimate of $113.26 million. With the consensus EPS estimate being $0.31, the EPS surprise was +16.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...
MGP Ingredients(MGPI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 14:00
MGP Ingredients (MGPI) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 note this event is being recorded. I would now like to turn the conference over to Amit Sharma, Vice President of Investor Relations. Please go ahead. Speaker1 Thank you. Good morning and welcome to MGP's first quarter earnings conference call. I'm Amit Sharma, Vice President of Investor Relations and joining me is Brendan Gahl, Interim President and Chief Executive Officer and Chief Financial Officer and Mark Davidson, Vice Pres ...
MGP (MGPI) Q1 Earnings and Revenues Top Estimates
ZACKS· 2025-05-01 13:50
Core Viewpoint - MGP (MGPI) reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, but down from $1.07 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 16.13%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - MGP's revenues for the quarter ended March 2025 were $121.65 million, surpassing the Zacks Consensus Estimate by 7.41%, but down from $170.56 million year-over-year [3] Stock Performance - MGP shares have declined approximately 25.2% since the beginning of the year, compared to a 5.3% decline in the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.73 on revenues of $140.29 million, and for the current fiscal year, it is $2.55 on revenues of $530.14 million [8] - The estimate revisions trend for MGP is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Beverages - Alcohol industry, to which MGP belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Molson Coors Brewing (TAP), another company in the same industry, is expected to report a quarterly earnings decline of 15.8% year-over-year, with revenues projected at $2.44 billion, down 6% from the previous year [10][11]
MGP Ingredients(MGPI) - 2025 Q1 - Quarterly Report
2025-05-01 11:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _________________________________ Commission File Number: 0-17196 Securities registered pursuant to Section 12(b) of the Act: MGP ...
MGP Ingredients(MGPI) - 2025 Q1 - Quarterly Results
2025-05-01 11:31
MGP INGREDIENTS REPORTS FIRST QUARTER 2025 RESULTS Encouraging first quarter results; Reaffirms full year 2025 financial outlook ATCHISON, Kan., May 1, 2025 - MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2025. "We are pleased with first quarter results that keep us on track to meet our full-year guidance. While elevated industry-wide barrel whiskey inventories and a cautio ...