Page 8 - Branded Spirits News Today

Premium plus American Whiskey brand consistent with MGP’s premiumization strategy focused on gross margin accretive growth brandsATCHISON, Kan., May 08, 2023 -- MGP Ingredients, Inc. , a... | May 8, 2023

In a move which showcases the continued economic winds of fortune for a good number of American whiskey brands, MGP announced today it is spending over $100 million to acquire Penelope Bourbon.

MGP Ingredients (NASDAQ:MGPI – Get Rating) updated its FY23 earnings guidance on Thursday. The company provided earnings per share guidance of $5.05-5.20 for the period, compared to the consensus earnings per share estimate of $5.14. The company issued revenue guidance of $815-835 million, compared to the consensus revenue estimate of $829.74 million. MGP Ingredients also […]

MGP Ingredients (NASDAQ:MGPI – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $5.05-$5.20 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $829.73 million. MGP Ingredients also updated its […]

Shares of MGP Ingredients, Inc. (NASDAQ:MGPI – Get Rating) traded up 8.4% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $103.96 and last traded at $103.40. 53,324 shares traded hands during trading, a decline of 59% from the average session volume of 130,008 […]

MGP Ingredients (NASDAQ:MGPI – Get Rating) issued its quarterly earnings results on Thursday. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.29, Briefing.com reports. The business had revenue of $201.01 million during the quarter, compared to analyst estimates of $194.43 million. MGP Ingredients had a net […]

Consolidated sales increased 3% from prior year periodContinued strength across each business segment ATCHISON, Kan., May 04, 2023 -- MGP Ingredients, Inc. , a leading provider of distilled... | May 4, 2023

ATCHISON, Kan., May 04, 2023 -- MGP Ingredients, Inc. , a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its board of directors has... | May 4, 2023

Should You Buy or Sell MGP Ingredients Stock? Get The Latest MGPI Stock Forecast, Price Target, Dividend Info, Headlines, Short Interest at MarketBeat.

According to RSM US, over the next few months, food and beverage companies will encounter difficulties as consumers remain unsure about ongoing inflation, geopolitical problems, and the imminent recession...