If you’re heading on vacation this week, you’re not alone, especially if you treat yourself to a nice bottle of wine.
Over 51 million Americans are expected to travel during the July 4th holiday, and more than a few will pop a cork on a bottle produced by Duckhorn, a Napa Valley wine company that distributes nationwide.
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The wine business is big business, and Duckhorn’s (NAPA) portfolio is positioned to profit from a growing interest in luxury wines through various wine varieties. Worldwide, the wine market eclipsed $333 billion in 2022, including $56 billion in the United States.
Wine Is a Big Business
One of the leading winemakers, Duckhorn’s portfolio spans ten brands, including its self-named label, Decoy, Paraduxx, and Goldeneye. Altogether, it markets 15 wine varietals. Its top wines include Cabernet, Sauvignon Blanc, and Merlot.
Duckhorn Portfolio’s revenue totaled $381 million in the past 12 months. Although sales leveled off in recent quarters, CEO Alex Ryan believes the company can deliver single-digit organic growth in the future.
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In this wide-ranging podcast, Chris Versace, from Action Alerts PLUS, discusses the ins and outs of Duckhorn’s business with Ryan. The two discuss style, quality, and wine trends. They also share their thoughts on how a recession and inflation may impact wine demand, how long to let wines age, and wine marketing strategies, including price points.
It doesn’t matter if you’re a red wine or white wine lover, you’ll enjoy this podcast. You may even want to pour yourself something tasty while you’re listening.
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