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The Duckhorn Portfolio Shares Down 8% Despite Strong Q4 Results
Oct 06, 2021(Last modified: Dec 19, 2023)
The Duckhorn Portfolio, Inc. (NYSE:NAPA) closed with an 8.63% loss on Tuesday despite the company’s reported strong Q4 results.
The company delivered meaningful beats across metrics and issued encouraging initial full 2022-year guidance.
The company’s net sales increased 35.7% year-over-year, well exceeding the consensus expectations of 14.9% growth. However, the company suggested wine category growth has slowed in recent weeks.
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