MGP Ingredients Q2 2026: Penelope Bourbon grew 13% but brown goods fell 59%

MGP Ingredients (Nasdaq: MGPI) reported second quarter 2026 results on 29 July 2026 showing consolidated sales of $124.4 million, down 15% from $145.5 million in Q2 2025, and adjusted EBITDA of $27.6 million, down 23% from $35.9 million. Adjusted basic EPS was $0.72 versus $0.97 in the prior year quarter. The company reaffirmed its full-year 2026 guidance without change. CEO Julie Francis described the quarter as delivering adjusted EBITDA and adjusted basic EPS ahead of internal expectations and characterised the results as reflecting “continued momentum in our premium plus portfolio, led by Penelope Bourbon and Yellowstone.”