Mgp Ingredients (MGPI)
NASDAQ:MGPI
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.47Last Year’s EPS
0.97Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: clear operational progress and targeted growth in key areas (notably Ingredient Solutions, Premium Plus branded spirits, portfolio rationalization, new customer wins, and tightened cost discipline) are offset by material near-term profitability pressures (sales down 13%, gross profit down 22%, adjusted EBITDA down 31%), a large non-cash impairment driving a significant net loss, pronounced weakness in Distilling Solutions, and elevated effluent disposal costs that weigh on margins. Management is focused on execution, cash generation, and returning segments to stronger margins while reaffirming full-year guidance, resulting in cautious optimism but balanced by meaningful near-term headwinds.Company Guidance
Quarterly Sales and Guidance Reaffirmation
Reported consolidated sales of $106.4 million in Q1 2026 (down 13% YoY) but management reaffirmed full-year 2026 guidance: net sales $480M–$500M, adjusted EBITDA $90M–$98M, and adjusted basic EPS $1.50–$1.80.
Branded Spirits Margin Expansion and Premium Growth
Branded Spirits gross margin expanded 180 basis points to 47.8% driven by improved mix and revenue growth management initiatives; Premium Plus sales rose 1.5% and Penelope Bourbon sales increased 10% YoY, with successful new ready-to-pour SKUs and strong limited-release performance for Yellowstone Recollection.
Ingredient Solutions Strong Volume and Profitability Gains
Ingredient Solutions sales of $34.2 million increased 29% YoY; gross profit rose 56% to $3.8 million and gross margin improved to 11.2% (up ~200 bps). Operational efficiency improved (efficiency up 14%, throughput up 18% sequentially) contributing to increased product availability.
Customer Wins and Product Innovation in Distilling Solutions
Added more than 20 new customers in the quarter (primarily brown goods/aged sales), including a significant national private label whiskey customer. Aged sales within Distilling Solutions grew 9% YoY and warehouse services (≈30% of segment sales) posted year-over-year gains.
Cost Discipline, Cash Flow and Capital Prudence
Adjusted SG&A declined ~2% YoY and A&P for Branded Spirits was reduced ~24% YoY to 13.6% of segment sales (full-year target 13%–14%). CapEx in Q1 was $2 million (down 75% YoY) with full-year CapEx guidance of ~$20M. Expect full-year operating cash flow of $50M–$55M and free cash flow of $30M–$35M; temporary idling expected to improve full-year cash flows by $10M.
Portfolio Rationalization and Marketing Reallocation
Discontinued >30 tail brands in Q1 (about 1% of segment net sales) with ~15 more planned this year; annualized expected ~20 bps gross margin benefit. Company is focusing resources on ~10 priority brands and reallocating marketing spend (doubling digital investment) to improve mental and physical availability.
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 |
|---|---|---|---|
Apr 29, 2026 | $20.21 | $19.16 | -5.20% |
Feb 25, 2026 | $25.64 | $20.20 | -21.19% |
Oct 29, 2025 | $23.40 | $24.41 | +4.31% |
Jul 31, 2025 | $28.92 | $27.84 | -3.71% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Mgp Ingredients (MGPI) earnings time?
Mgp Ingredients (MGPI) earnings time is at Jul 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 (Q2) is 0.47.