NAPA - The Duckhorn Portfolio: Demand Is Unlikely To Recover Anytime Soon
2024-06-19 07:03:26 ET
Summary
- NAPA reported 3Q24 results with declining luxury wine demand and higher distributor inventory levels.
- I remain sell rated for NAPA.
- Uncertain outlook for NAPA due to high interest rates, potential rate hikes, and volatile market conditions.