MGP Ingredients Reports Strong Fourth Quarter and Full Year 2023 Results
For the fourth quarter 2023, sales for the Branded Spirits segment increased 19% to $72.6 million.
- For the fourth quarter 2023, sales for the Branded Spirits segment increased 19% to $72.6 million.
- In the fourth quarter 2023, sales for the Ingredient Solutions segment increased 15% to $33.4 million.
- Advertising and promotion expenses for the fourth quarter 2023 increased $1.5 million, or 14%, to $12.3 million as compared to the fourth quarter 2022.
- Corporate selling, general and administrative ("SG&A") expenses for the fourth quarter 2023 increased $3.2 million to $25.8 million as compared to the fourth quarter 2022.