Duckhorn Reports “Record-Setting” Fiscal Year

Dear Client:  Duckhorn reported a "record-setting fourth quarter and fiscal year," ceo Alex Ryan said on yesterday evening's earnings call. Net sales were up 36% in the fourth quarter ended July 31, and net sales were up 24.4% for the full fiscal year to $336.6 million - the "highest level of organic growth we realized since 2014." Q4 CHANNEL PERFORMANCE. Alex noted that Q4 sales growth was "broad based, with all channels and end markets on and off-premise contributing double-digit growth."