The Duckhorn Portfolio Shares Drop 6% Following Q4 Results

The Duckhorn Portfolio, Inc. (NYSE: NAPA) shares dropped more than 6% on Thursday following the company’s reported Q4 results and conservative guidance.

Q4 EPS came in at $0.08, in line with the Street estimate of $0.08. Revenue was $78 million, compared to the Street estimate of $77.82 million. Revenue growth was driven by 7.1% year-over-year volume growth, and 2.9% year-over-year price/mix growth. The positive price/mix contribution was primarily attributable to DTC channel sales outperformance relative to wholesale channel growth, as well as a favorable brand mix.

The company’s full 2023-year guidance ranges bracketed the Street estimates, which had been coming down heading into the print.