Duckhorn Portfolio Inc.’s financial guidance for the current year beat Wall Street expectations, driving up the stock in after-hours trading.
The company, which went public in March, expects sales for the year that ends in July to range from $353 million to $360 million, compared with $336.6 million in the most recent year, and adjusted profit to range from 54 cents to 57 cents a share.
Analysts surveyed by FactSet expect about 50 cents a share in adjusted profit and $350.7 million in sales.