MGP Ingredients

MGPI

Market cap $533M

Popular root beer whiskey infused with natural flavors makes a comeback ST. LOUIS, Jan. 13, 2026 /PRNewswire/ -- Rebel Bourbon has announced the return of fan-favorite Rebel Root Beer Whiskey to its award-winning Rebel Bourbon lineup.

MGP Ingredients (MGPI) trades at 0.86x price-to-book (ex-goodwill), below net tangible asset value, despite a fortress balance sheet and positive cash flow. The market is pricing MGPI for permanent decline due to a cyclical brown goods inventory glut, but industry discipline and contract stability suggest recovery by 2026–2027. Three growth engines—Penelope Bourbon, El Mayor Tequila, and Ingredient Solutions—are accelerating, with premiumization trends and specialty ingredients offering significant upside.

ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced that following over 15 years of distinguished service, Karen Seaberg retired from the company's Board of Directors, effective December 14, 2025. Julie Francis, president and chief executive officer, has been appointed to serve as a director on the company's Board, effective December 15, 2025. “Karen's contributions to MGP span decades.

MGP Ingredients faces significant revenue and profit declines due to shifting consumer preferences and industry overcapacity. Despite attractive valuation multiples, MGPI's sales dropped across all segments, with the Distilling Solutions segment hit hardest by falling whiskey demand. Management's cost controls and strategic review offer some hope, but long-term demand uncertainty persists, especially with Gen Z drinking less alcohol.

MGP Ingredients is transitioning from a commodity distiller to a premium branded spirits company, driving higher margins and diversified revenue streams. Despite a challenging whiskey market and a 16% revenue drop in 2024, MGPI maintained profitability, improved free cash flow, and prioritized balance sheet strength. MGPI trades at a significant valuation discount to peers, with insider buying and a share buyback signaling confidence in future recovery and upside potential.

MGP Ingredients (MGPI) is undervalued, with market pessimism overstating recent GAAP-driven earnings declines and ignoring strong underlying fundamentals. New CEO, Julie Francis, is executing a disciplined turnaround: cutting underperforming brands, rebuilding operations, and focusing on high-return investments. Despite revenue and EBITDA declines, premium spirits portfolio is resilient, cash flow is growing, and the balance sheet is robust with AAA-level credit metrics.

MGP Ingredients, Inc. ( MGPI ) Q3 2025 Earnings Call October 29, 2025 10:00 AM EDT Company Participants Amit Sharma - Vice President of Investor Relations Julie Francis - CEO & President Brandon Gall - CFO & Treasurer Conference Call Participants Sean McGowan - ROTH Capital Partners, LLC, Research Division Seamus Cassidy - TD Cowen, Research Division Marc Torrente - Wells Fargo Securities, LLC, Research Division Benjamin Klieve - Lake Street Capital Markets, LLC, Research Division Mitchell Pinheiro - Sturdivant & Co., Inc., Research Division Presentation Operator Good morning, and welcome to the MGP Ingredients Third Quarter of 2025 Earnings Conference Call. [Operator Instructions] Please also note that this event is being recorded today.

The headline numbers for MGP (MGPI) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MGP (MGPI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $1.29 per share a year ago.

ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, announced the appointment of Matias Bentel as its chief marketing officer and Chris Wiseman as its senior vice president, operations. Both executives are reporting to Julie Francis, president and CEO, and are joining the company's executive leadership team. "We are excited to welcome Matias and Chris to MGP,” said Francis. “Matias brings decade.