MGP Ingredients stock slides after weak Q3 numbers weigh on full-year outlook

seekingalpha

2024-10-18

Dziggyfoto/E+ via Getty Images

MGP Ingredients (NASDAQ:MGPI) has lowered its full-year outlook, citing industry headwinds that are likely to persist at least through the rest of the year.

The spirits producer now expects fiscal 2024 sales of $695M to $705M (vs. prior guidance of $742M to $756M) and adjusted basic earnings

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