Premium Plus spirits portfolio
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MGP Ingredients, Inc. Q4 2025 Earnings Call Summary
Yahoo Finance· 2026-02-25 17:36
Performance in 2025 exceeded the top end of guidance despite a 23% decline in fourth-quarter consolidated sales, which was partially offset by double-digit growth in the Premium Plus spirits portfolio. Management is executing a 'self-help' strategy to counter a challenging spirits market impacted by consumer spending shifts toward online gambling and cannabis-infused beverages. The company is implementing a rigorous portfolio review process, targeting an initial 20% rationalization of 'tail brands' to ...