From StockStory:

In the third quarter, MGP Ingredients (NASDAQ:MGPI) reported a 17% increase in net sales to $164.5 million, surpassing expectations. However, their operating income dropped 11% to $18.8 million. Conversely, the overall beverages and alcohol sector experienced mixed results, with some companies outperforming and others falling short. In the face of supply chain challenges and inflation, industry players are evaluating their strategies for the remainder of the year. Investors are keeping a close eye on how these companies navigate the ongoing uncertainties in the market.



Read more: A Look Back at Beverages and Alcohol Stocks’ Q3 Earnings: MGP Ingredients (NASDAQ:MGPI) Vs The Rest Of The Pack