MGP Ingredients Reports Third-Quarter Revenue of $117.9 Million
Revenue fell 9.9% year over year, while non-GAAP profit of $0.39 per share exceeded analyst consensus by 21.1%. Full-year revenue guidance was set at a $490 million midpoint, 1.2% above consensus.
MGP Ingredients announced its financial results for the third quarter of 2026, reporting revenue of $117.9 million, which represents a 9.9% decline compared to the same period last year. Despite the revenue miss, the company's non-GAAP profit of $0.39 per share outperformed analysts' consensus estimates by 21.1%. Additionally, the company provided full-year revenue guidance of $490 million at the midpoint, which is 1.2% higher than the consensus estimates from analysts.