MGPI · Mgp Ingredients Inc
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. MGP Ingredients reaffirmed full-year 2026 guidance despite a 15% consolidated sales decline and a 23% drop in adjusted EBITDA, as Branded Spirits premium-plus growth (Penelope +13%, Yellowstone +54%) and gross margin expansion in Branded Spirits and Distilling Solutions were offset by continued brown goods weakness and a sharp Ingredient Solutions margin compression from elevated waste starch disposal costs.
- + Branded Spirits premium-plus portfolio grew 5% with Penelope up 13% and Yellowstone up 54%, outperforming Nielsen and NAPCA declines.
- + Branded Spirits gross margin expanded 20 basis points to 53.0% on favorable portfolio mix and RGM efforts.
- + Distilling Solutions gross margin improved ~110 bps to 38.7% on cost savings and favorable mix despite a 42% sales decline.
- + Company reaffirmed full-year 2026 guidance: sales $480-$500M, adjusted EBITDA $90-$98M, adjusted basic EPS $1.50-$1.80.
- − Consolidated gross margin declined ~270 bps to 37.4% as Ingredient Solutions waste costs pressured profitability.
- − Net debt leverage ratio jumped to 3.5x from 2.1x at end of March following the ~$111M Penelope earn-out payment.
- − A $2.1M credit loss provision was taken in Q2 related to the RNDC Chapter 11 bankruptcy filing.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Beverages - Wineries & Distilleries — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MGPI
this stock
Mgp Ingredients Inc
|
$273.98M | -47.4% | -13.5% | — | 4.7% |
|
DEO
Diageo PLC
|
$47.31B | -1.8% | — | — | 0.6% |
|
BF-B
Brown Forman Corp
|
$12.06B | +0.4% | -1.2% | 17.0 | 7.1% |
|
APHD
Verde Bio Holdings, Inc.
|
$2.59B | +85.2% | -100.0% | — | 0.0% |
|
SNDL
SNDL Inc.
|
$344.57M | -25.3% | — | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MGPI | -0.2% | -21.7% | -33.8% | -3.5% | -47.4% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | 0.0% | -21.3% | -46.0% | -4.4% | -60.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.