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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 […]