BUZZ-MGP Ingredients slumps after cutting annual forecasts on weaker demand

Reuters

2024/10/19

** Shares of El Mayor tequila maker MGP Ingredients drop as much as 27% at $59.46, set for worst day since Jan 2020

** MGPI lowered annual sales and profit forecasts after market close on Thursday and warned it would miss Q3 results on weak demand for spirits and elevated industry-wide whiskey inventories

** Brokerage TD Cowen slashes PT to $66 from $105, cites "worse than expected" Q3 results and expects a much weaker 2025

** Says current slowdown in U.S. spirits has an acute impact on craft brands, owing to limited advertising and promotion resources

** Also says premium brands like MGPI are among the first targets of inventory cutbacks by distributors and retailers

** Company is set to report Q3 earnings on Oct 31

** Six analysts recommend "hold", with a median PT of $102.5

** Including session's moves, stock has fallen ~39% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2476929850"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2476929850\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2476929850?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-19 01:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2476929850","market":"us","top_or_hot":-1,"title":"BUZZ-MGP Ingredients slumps after cutting annual forecasts on weaker demand","media":"Reuters","content":"<html><body><p>** Shares of El Mayor tequila maker <a href=\"https://laohu8.com/S/MGPI\">MGP Ingredients</a>    drop as much as 27% at $59.46, set for worst day since Jan 2020</p><p>   ** MGPI lowered annual sales and profit forecasts after market close on Thursday and warned it would miss Q3 results on weak demand for spirits and elevated industry-wide whiskey inventories </p><p>   ** Brokerage TD Cowen slashes PT to $66 from $105, cites \"worse than expected\" Q3 results and expects a much weaker 2025</p><p>   ** Says current slowdown in U.S. spirits has an acute impact on craft brands, owing to limited advertising and promotion resources </p><p>   ** Also says premium brands like MGPI are among the first targets of inventory cutbacks by distributors and retailers</p><p>   ** Company is set to report Q3 earnings on Oct 31 </p><p>   ** Six analysts recommend \"hold\", with a median PT of $102.5</p><p>   ** Including session's moves, stock has fallen ~39% YTD</p><p> (Reporting by Neil J Kanatt in Bengaluru)</p><p>((Neil.JKanatt@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-MGP Ingredients slumps after cutting annual forecasts on weaker demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-MGP Ingredients slumps after cutting annual forecasts on weaker demand\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2024-10-19 01:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p>** Shares of El Mayor tequila maker <a href=\"https://laohu8.com/S/MGPI\">MGP Ingredients</a>    drop as much as 27% at $59.46, set for worst day since Jan 2020</p><p>   ** MGPI lowered annual sales and profit forecasts after market close on Thursday and warned it would miss Q3 results on weak demand for spirits and elevated industry-wide whiskey inventories </p><p>   ** Brokerage TD Cowen slashes PT to $66 from $105, cites \"worse than expected\" Q3 results and expects a much weaker 2025</p><p>   ** Says current slowdown in U.S. spirits has an acute impact on craft brands, owing to limited advertising and promotion resources </p><p>   ** Also says premium brands like MGPI are among the first targets of inventory cutbacks by distributors and retailers</p><p>   ** Company is set to report Q3 earnings on Oct 31 </p><p>   ** Six analysts recommend \"hold\", with a median PT of $102.5</p><p>   ** Including session's moves, stock has fallen ~39% YTD</p><p> (Reporting by Neil J Kanatt in Bengaluru)</p><p>((Neil.JKanatt@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4169","symbol_name":"釀酒商與葡萄酒商","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2476929850","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476929850","pubTimestamp":1729272127,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of El Mayor tequila maker MGP Ingredients    drop as much as 27% at $59.46, set for worst day since Jan 2020   ** MGPI lowered annual sales and profit forecasts after market close on Thursday and warned it would miss Q3 results on weak demand for spirits and elevated industry-wide whiskey inventories    ** Brokerage TD Cowen slashes PT to $66 from $105, cites \"worse than expected\" Q3 results and expects a much weaker 2025   ** Says current slowdown in U.S. spirits has an acute impact on craft brands, owing to limited advertising and promotion resources    ** Also says premium brands like MGPI are among the first targets of inventory cutbacks by distributors and retailers   ** Company is set to report Q3 earnings on Oct 31    ** Six analysts recommend \"hold\", with a median PT of $102.5   ** Including session's moves, stock has fallen ~39% YTD ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4169":"酿酒商与葡萄酒商","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","MGPI":"MGP Ingredients","MGP":"MGM Growth Properties LLC","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","BK4084":"特种房地产投资信托"},"translate_title":"BUZZ-MGP Ingredients因需求疲软而下调年度预测后暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGPI":1,"MGP":1},"content_text":"** Shares of El Mayor tequila maker MGP Ingredients    drop as much as 27% at $59.46, set for worst day since Jan 2020   ** MGPI lowered annual sales and profit forecasts after market close on Thursday and warned it would miss Q3 results on weak demand for spirits and elevated industry-wide whiskey inventories    ** Brokerage TD Cowen slashes PT to $66 from $105, cites \"worse than expected\" Q3 results and expects a much weaker 2025   ** Says current slowdown in U.S. spirits has an acute impact on craft brands, owing to limited advertising and promotion resources    ** Also says premium brands like MGPI are among the first targets of inventory cutbacks by distributors and retailers   ** Company is set to report Q3 earnings on Oct 31    ** Six analysts recommend \"hold\", with a median PT of $102.5   ** Including session's moves, stock has fallen ~39% YTD (Reporting by Neil J Kanatt in Bengaluru)((Neil.JKanatt@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}