Duckhorn Posts Double-Digit Growth in Q1

Dear Client:   The Duckhorn Portfolio reported double-digit growth in the first quarter ended October. Net sales were up nearly 20% and volumes were up 24.7%, largely driven by the addition of Sonoma-Cutrer.  Excluding Sonoma-Cutrer, net sales were down 8.2%, negatively impacted by one-time inventory transfers "as outgoing distributors in certain states transferred unsold inventory to the new distributors in those jurisdictions," per yesterday's earnings release. No earnings call was hosted.  "We are pleased to begin fiscal 2025 with strong