Duckhorn Sales Rise By Nearly 20% In First Quarter, EBITDA Up Nearly 40%
December 9, 2024In case you missed Friday’s alert, Duckhorn reported net sales for Q1 2025 of $122.9 million, a 19.9% increase over Q1 2024. The company attributed that growth to Sonoma-Cutrer, noting that when the brand is excluded, sales were down 8.2%. That decline was attributed to inventory shifting in certain markets where the company began working with new distributors. Adjusted EBITDA for the quarter was $48.6 million, a nearly 40% increase over last year. According to Impact Databank, Duckhorn is the 20th-largest wine marketer in the U.S. by volume, up 5.5% to 2.6 million cases last year. The company reported 2024 sales to wholesalers of roughly $400 million. Here’s the full story.
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