MGP Ingredients, Inc. (MGPI)
After hours:
- StockStory
Why MGP Ingredients (MGPI) Stock Is Up Today
Shares of food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) jumped 6.8% in the afternoon session after the company reported first-quarter results that beat analysts' revenue and EPS expectations. However, sales declined by 15% (otherwise flat) in absolute terms due to the closure of the Atchison distillery. The closure is anticipated to be a headwind to growth and was baked into the full-year revenue guidance, which came in below expectations. However, it maintained full-year EPS guidan
- Insider Monkey
Here’s Why MGP Ingredients (MGPI) Declined in Q1
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun Small Cap Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy increased 7.01% on a gross basis (6.83% net) compared to a 5.18% return for the Russell 2000 Index and 2.90% for […]
- GuruFocus.com
MGP Ingredients Inc (MGPI) Q1 Earnings: Performance Aligned with Expectations Despite Challenges
Comprehensive Analysis of MGPI's First Quarter Financial Results for 2024
