)

The Duckhorn Portfolio (NAPA) investor relations material
The Duckhorn Portfolio Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales rose 19.9% year-over-year to $122.9 million, primarily due to the Sonoma-Cutrer acquisition and wholesale channel growth.
Net income declined 28.1% year-over-year to $11.2 million, or $0.08 per diluted share, reflecting higher SG&A and interest expenses.
Adjusted EBITDA grew 39.9% to $48.6 million, with margin improving by 560 basis points to 39.5%, reflecting strong operational performance and acquisition synergies.
Adjusted net income increased to $23.8 million, or $0.16 per diluted share, from $17.2 million, or $0.14 per share, a year ago.
The company entered into a definitive merger agreement to be acquired by Butterfly Equity for $11.10 per share in cash.
Financial highlights
Gross profit: $61.5 million (up 14.2% year-over-year); gross margin 50.0% (down 250 basis points year-over-year).
Adjusted gross profit: $63.8 million, up 19.8% year-over-year; adjusted gross margin 51.9%.
Total SG&A expenses rose 33.8% to $40.8 million; adjusted SG&A increased 5.8% to $23.9 million.
Operating cash flow was $27.2 million, up from $18.1 million in the prior year period.
Earnings per share: $0.08 basic and diluted (down from $0.13 year-over-year).
Outlook and guidance
The merger with Butterfly Equity is expected to close this winter, pending shareholder approval and customary conditions.
Management expects continued growth from the Sonoma-Cutrer acquisition and ongoing investments in DTC and wholesale channels.
No specific forward guidance provided for fiscal 2025.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage