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Stock impact report

MGPI INVESTOR ALERT: Kirby McInerney LLP Notifies MGP Ingredients, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

MGP Ingredients, Inc. (MGPI) 
Last mgp ingredients, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.mgpingredients.com
Company Research Source: GlobeNewswire
NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the February 14, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired MGP Ingredients, Inc. (“MGP Ingredients” or the “Company”) (NASDAQ:MGPI) securities during the period from May 4, 2023, through October 30, 2024 (“the Class Period”). [LEARN MORE ABOUT THE CLASS ACTION] On February 22, 2024, the Company reported its financial results for the fourth quarter of fiscal year 2023 and provided guidance for fiscal year 2024. While the results for 2023 exceeded expectations, the 2024 revenue forecast was 4.9% lower than expected. During the earnings call, the Company acknowledged industry reports of ongoing “inventory destocking at a wholesale level” in 2024 and emphasized its efforts to manage wholesaler inventory. CEO David Bratcher also pointed out that over 90% of the Company’s new whiskey sales for 2024 wer Show less Read more
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