MGP Ingredients (NASDAQ:MGPI) has lowered its full-year outlook, citing industry headwinds that are likely to persist at least through the rest of the year.

The spirits producer now expects fiscal 2024 sales of $695M to $705M (vs. prior guidance of $742M to $756M) and adjusted basic earnings

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.