
The Duckhorn Portfolio has lowered its sales and profit guidance for the full year due to “soft consumer demand” and a “slowdown” in on-premise sales in its third quarter.
The group expected the industry “to grow low-single digits” in the third quarter but claimed that consumer data for luxury wine was down 1%.
The Duckhorn Portfolio has lowered its sales and profit guidance for the full year due to “soft consumer demand” and a “slowdown” in on-premise sales in its third quarter.