MGP Ingredients (MGPI) Falls 22% Following Disappointing Guidance

MGP Ingredients (NASDAQ: MGPI) Falls 22% Following Disappointing Guidance

• MGPI said sales are expected to decline 24% from the year-ago quarter to $161.5 million. Adjusted basic EPS is expected to decline 5% to $1.29.
• (Consensus sees Q3 EPS of $1.44 on revenue of $185 million)

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