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Mgp Ingredients (MGPI)
NASDAQ:MGPI
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a mixed picture: notable wins in branded Premium Plus performance (led by Penelope), improved cash generation and embedded productivity initiatives provide constructive foundations, and Ingredient Solutions shows signs of operational recovery. However, material near-term headwinds dominate: sharp declines in Distilling Solutions and overall sales and margins, a large non-cash goodwill impairment, persistent waste disposal costs, and a sizeable near-term cash outflow (Penelope earn-out) that pushes leverage higher. Management is taking strategic actions and expects recovery off lower 2026 baselines, but the magnitude of the declines and the expected challenging 2026 make the near-term outlook unfavorable.Company Guidance
Penelope and Premium Plus Outperformance
Penelope Bourbon delivered exceptional growth (Nielsen-reported dollar sales +80% over the 52-week period), making it the second-fastest growing brand among the top 30 Premium Plus American whiskeys. Premium Plus portfolio outperformed the overall category by 900 basis points, with Premium Plus sales up 10% in Q4. Penelope also achieved a 100% increase in points of distribution and a 12% increase in velocity.
Strong Operating Cash Generation and Capital Discipline
Operating cash flows increased 19% to $122 million for FY2025. Barrel put-away was reduced from $33 million in 2024 to $19 million in 2025. Full-year CapEx was $32 million (down more than 50% YoY); 2026 CapEx is guided to ~$20 million. Excluding the Penelope earn-out, 2026 CFO is expected at $40–45 million and free cash flow $20–25 million.
Strategic Progress and Embedded Productivity
Management executed an enterprise strategic review, implemented senior leadership changes (new CMO, SVP Operations, SVP Strategy & Insights), and embedded productivity and cost-discipline into routines. Adjusted SG&A excluding reinstated incentives declined ~5% in Q4 and 4% for the full year, and A&P spending was realigned (A&P down 11% in Q4 and 23% for the year).
Ingredient Solutions Recovery and Growth Opportunity
Ingredient Solutions saw Q4 extrusion protein sales reach a new high and commercial demand remained strong. The key equipment outage was resolved in November. Management expects Ingredient Solutions 2026 sales of $140–150 million and gross margins in the mid-to-high teens, with strong double-digit sales growth anticipated as operational reliability improves.
Portfolio Rationalization and Marketing Refocus
Company initiated a cross-functional portfolio management process targeting rationalization of ~20% of the portfolio tail brands to reduce complexity and free resources. Branded Spirits A&P was ~12.5% of segment sales in 2025 and is expected to modestly increase to ~13.5% in 2026 with a planned >200% increase in digital media spend and streamlined agency approach to drive Premium Plus brands.
Distilling Solutions Strategic Repositioning
Despite a weak brown goods market, MGP has broadened premium white goods offerings, pursued private-label aged whiskey opportunities, and expanded warehouse services to deepen customer partnerships. Distilling customer alignment efforts led brown goods results to come modestly ahead of initial outlook.
FY2025 Core Adjusted Results
For full-year 2025 the company reported consolidated sales of $536 million, adjusted EBITDA of $116 million, and adjusted basic EPS of $2.85, demonstrating underlying adjusted profitability despite challenging trends.
MGPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MGPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $25.81 | $20.34 | -21.19% |
Oct 29, 2025 | $23.56 | $24.58 | +4.33% |
Jul 31, 2025 | $29.11 | $28.03 | -3.71% |
May 01, 2025 | $29.10 | $30.48 | +4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mgp Ingredients (MGPI) report earnings?
Mgp Ingredients (MGPI) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Mgp Ingredients (MGPI) earnings time?
Mgp Ingredients (MGPI) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGPI EPS forecast?
MGPI EPS forecast for the fiscal quarter 2026 (Q1) is 0.22.