fortune rabbit demo slot The UK's longest-serving MP has called for the assisted dying bill to be delayed as he said there is not enough time "to consider the immense complexities". MPs will get a free vote, where they can vote however they want, on legalising assisted dying on 29 November, after the details were published on 11 November. Sir Edward Leigh, the longest-serving MP (father of the House), told the Commons on Wednesday: "There has simply not been enough time to consider the immense complexities of the issue until we are required to make a decision." Politics latest: Defence secretary under fire over timing of military cuts The Conservative, who has been an MP since 1983, introduced a bill to parliament to require the government to issue guidance on the criminal law of health professionals administering pain relief to terminally ill people. He said the bill is an attempt to delay the assisted dying vote and to provide more information to those voting. It has been given a second reading on 6 December - after the assisted dying bill's first vote. Sir Edward and Diane Abbott, the longest-serving female MP, have also... Alix Culbertson

ESTERO, Fla. (AP) — Al Green scored 19 points and Sean Newman Jr. added seven in the overtime as Louisiana Tech knocked off Southern Illinois 85-79 in a first-round contest at the Gulf Coast Showcase on Monday night. Green had three steals for the Bulldogs (5-0). Kaden Cooper scored 18 points and added 12 rebounds and four steals. Amaree Abram went 8 of 13 from the field to finish with 18 points, while adding six steals. Kennard Davis led the way for the Salukis (2-4) with 16 points, 10 rebounds and three steals. Southern Illinois also got 15 points and eight rebounds from Jarrett Hensley. Ali Abdou Dibba also had 12 points and two steals. Cooper scored 12 points in the first half and Louisiana Tech went into the break trailing 31-27. Abram's 16-point second half helped Louisiana Tech close out the six-point victory. NEXT UP These two teams both play Tuesday in the six-team, round-robin tournament. Louisiana Tech squares off against Richmond and Southern Illinois faces Eastern Kentucky. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Aston Villa denied last-gasp winner in Juventus stalemateNew maps show high-risk zones for whale-ship collisions − vessel speed limits and rerouting can reduce the toll

DESPITE years of discussion, nuclear energy remains in its infancy in South-east Asia, with no country yet achieving commercial operations. However, new technologies such as small modular reactors (SMRs) are sparking renewed interest. While SMRs promise significant advancements in safety, cost efficiency, and performance, their adoption hinges on countries developing the necessary technical expertise and regulatory frameworks. In South-east Asia, the US is said to be in talks with several nations – including Singapore, the Philippines and Thailand – regarding deploying SMRs, Bloomberg had previously reported.NoneIf the thought of a cranberry vodka slush or frozen hot chocolate raises your holiday spirits high, then Walmart might have exactly what you want to see underneath your Christmas tree . The Ninja SLUSHi 3-in-1 Professional Frozen Drink Maker is back in stock at Walmart, and it doesn’t come with the typical $300 price tag that you’ll see on the Ninja website (or at retailers like Kohl’s and Target, when it’s actually in stock). This Walmart-exclusive special edition SLUSHi is marked down from $300 to $249, for a total $51 savings, and you can’t find it anywhere else. Shop Walmart’s full Black Friday sale now. With Ninja’s proprietary RapidChill Technology, you can turn your favorite cold drinks into frosty delights in just 15 minutes. The machine works by swirling liquids around a chilling cylinder and adjusting the temperature and texture to get a perfect, smooth consistency without any ice. The 72-ounce version is perfect for smaller kitchens, but also just as suitable for people who can appreciate a frozen bevvy once in a while, but don’t need to have everything they’re drinking on the frozen side. Instead of the larger 88-ounce iteration that has five presets — Slush, Spiked Slush, Milkshake, Frappé and Frozen Juice — this one just has the Slush, Spiked Slush and Milkshake. So, if you’re not a frozen ‘snow salt chococcino’ connoisseur or a fan of icy juices, then you definitely don’t need to have the bigger slush machine. You can still everything from cranberry orange slushies to candy cane mocha iced martinis and even gingerbread milkshakes or fizzy and frozen pomegranate champagne floats. Whether you’re hosting a party or just enjoying a cozy night in during the busy holiday season, your Ninja SLUSHi will be the biggest conversation piece in your kitchen. I say this, too, because it has been a major hit in mine ever since I got it in August. I can’t wait to make some “toasted elves” (think: amaretto, coffee liquor, vodka and chocolate syrup) when we’re putting up our tree in the next few weeks! Shop the Ninja SLUSHi 72 oz. 3-Programs Professional Frozen Drink Maker for $249 at Walmart here. And keep these other Ninja deals in mind, as well. Ninja Blast 16-Ounce Personal Portable Blender for $40, instead of $50 Ninja THIRSTi Drink System for $119, instead of $169 Ninja 5-Preset CREAMi Ice Cream Maker for $149, instead of $199 The Best Black Friday Deals in 2024 Amazon is having a secret sale on the GE Profile smart indoor smoker that makes it even cheaper for Black Friday Amazon has this enormous 77-inch Samsung OLED 4K TV on sale for $900 off in an unbeatable Black Friday deal Walmart has this giant JBL Partybox speaker on sale for a whopping $201 off for Black Friday — but this deal won’t last 31 Black Friday mattress sales to shop, including holiday deals from Walmart, Amazon, Sealy, Serta and more Amazon has Hey Dude sneakers on sale for up to 59% off for Black Friday Our journalism needs your support. Please subscribe today to NJ.com . Danielle Halibey can be reached at dhalibey@njadvancemedia.com . Have a tip? Tell us at nj.com/tips .

Americans support increasing government efficiencyTUSCALOOSA, Ala. — The winter transfer portal window closes on Saturday, and Alabama ’s roster is in a healthier place at its close than it was at that point one year ago. Technically, three SEC teams still have to go through the full transfer process (the College Football Playoff teams), but here’s where Alabama’s departures rank in the conference: Alabama: 14 departures (tied for ninth-most in the SEC) Departures for the rest of the conference from most to fewest: *Playoff teams Alabama’s 39 departures in last year’s winter window, largely due to Nick Saban’s abrupt January retirement, led the SEC by a wide margin. This year’s 14 departures are closer to what’s expected in the current landscape. Last winter was about keeping as many players on the roster as possible amid the coaching turnover. Now, we’ll start to see what a Kalen DeBoer Alabama roster looks like as he has the full autonomy that he didn’t have when he arrived. Free, daily sports updates direct to your inbox. document.querySelectorAll(".in-content-module[data-module-id='the-pulse-newsletter'] .in-content-module-img img ").forEach((el) => { el.setAttribute("style", "pointer-events: none;");}) Free, daily sports updates direct to your inbox. “Last year, we were really just in full retention mode,” DeBoer said this month. “There was no portal to take any guys from. I guess other than programs that lost head coaches, that’s the situation we were in (too). We’re going to build our program with the freshman class, which I’m really excited about. We’re going to retain, and we’re going to develop the guys we have here and fill in the areas that need some numbers or maybe just need to be a little bit better on the football field on Saturdays.” Advertisement Roster numbers Alabama has one more game to play: On Tuesday in the ReliaQuest Bowl against Michigan . All available players have committed to playing , but after subtracting transfer departures and players out to injury, the number of healthy players sits around 60 players. Three of the injured players are expected departures: Malachi Moore , Deontae Lawson and Que Robinson while the rest are expected returners: Cole Adams , Jalen Hale , Bubba Hampton , Amari Jefferson , Kadyn Proctor and Keon Sabb . Currently, Alabama has 26 newcomers between high school recruiting and the transfer portal. All things factored in, the scholarship count sits at 88 players before NFL draft decisions are made. Once those decisions are official, Alabama will be in a strong position to continue adding players as the CFP winds down and those teams lose players when their windows open. GO DEEPER Alabama leaders plan to play in ReliaQuest Bowl vs. Michigan Here is where Alabama’s departures landed: Alabama is toward the middle of the SEC in departures but is in the bottom five in additions (five). But those players can all be high-level contributors next season. Here’s a breakdown of what Alabama’s getting and what it means for that position group: Utah CB Cameron Calhoun : Calhoun comes to Alabama with three years of eligibility left and proven Power 4 conference production with 21 tackles, nine pass break-ups — fourth-best in the Big 12 — and an interception this season. Given the uncertainty of Domani Jackson ’s draft decision, this was a big addition. If Jackson returns, he, Calhoun and Zabien Brown combine for a strong cornerback trio entering 2025. If Jackson departs, Calhoun is an instant plug-and-play option opposite of Brown with a strong group of young, talented cornerbacks behind them. Florida DL Kelby Collins : With two years of eligibility, Collins has an opportunity to be a key part of the 2025 defensive line. An SEC All-Freshman selection in 2023, Collins recorded 29 tackles, three sacks and 15 quarterback hurries in 18 career appearances. The pass-rushing numbers stand out, which is what Collins will be expected to contribute at defensive end, where Jah-Marien Latham has completed his eligibility and LT Overton has a draft decision. Collins’ path to Alabama is similar to Overton’s: a highly ranked prospect who committed to another school out of high school but landed with Alabama the second time around. There’s reason to believe he can have a similar type of impact. GO DEEPER What Kelby Collins addition brings to Alabama Texas A&M OL Kam Dewberry : With one year of eligibility remaining, Dewberry is a veteran who will add immediate help to Alabama’s interior offensive line. Tyler Booker is likely headed to the NFL, vacating one spot. The only other guard with true in-game experience is Geno VanDeMark , who is also the No. 2 center. With 34 career games and seven starts, Dewberry can provide instant competition at guard to start, and at worst is a swing player, he can be inserted at any time if there’s an injury as VanDeMerk was this season with Jaeden Roberts’ injuries. This type of player wasn’t available for Alabama last season because the SEC only allows in-conference transfers during the winter window. Advertisement Colorado LB Nikhai Hill-Green : With one year of eligibility remaining, Hill-Green is the most accomplished addition with 206 career tackles, eight pass deflections, four sacks and two interceptions. He was an All-Big 12 selection with Colorado this season and reunites with Sabb and Kameron Howard , his former high school teammates. Lawson and Jihaad Campbell likely will depart for the NFL, so Hill-Green can be a plug-and-play starter in the middle of the defense. And with Vanderbilt’s Diego Pavia ’s recent junior college ruling against the NCAA , the door is open for Justin Jefferson to return next season. If that happens, the inside linebacker position will be in a much better position than originally thought several weeks ago. Miami WR Isaiah Horton : With two years of eligibility, Horton can have a Hill-Green type of impact on the offense in 2025. The 6-foot-4, 205-pound prospect caught 56 passes for 616 yards and five touchdowns in 2024 and gives Alabama the big-bodied, outside receiver that can make contested catches over the middle of the field and in the red zone that the program has been missing the past few seasons. Horton, Ryan Williams and Germie Bernard form a strong starting trio, and there are depth pieces behind them to be excited about: Adams, Hale, Rico Scott and potentially Jaylen Mbakwe among other young players. GO DEEPER Who's Alabama's signing class MVP? What position did the Tide lock down? Other needs? It’s important to note that the portal closes for players entering on Saturday for non-remaining Playoff teams only. With those eight teams, there will be players entering the portal into January, and then it opens for every team on April 16. Here are a few positions where Alabama could use more help: Edge rusher: Alabama will take pass rush help whenever it comes whether it’s a defensive lineman or outside linebacker. The defense must improve on its 23 sacks from this season. But if Alabama’s choosing, the help will come in the form of an outside linebacker. Qua Russaw has proven to be a strong, early down option against the run but still needs to come a considerable way as a pass-rusher. Behind him, there’s limited game experience with players like Yhonzae Pierre , Noah Carter and Jayshawn Ross . Perhaps someone will emerge in the spring, but for now, this is arguably the highest priority. Advertisement Safety: Smith’s departure was the most consequential of any for Alabama as he was a starter in 2024 in the slot and would’ve been in 2025. There are still some good pieces behind him in DaShawn Jones and Red Morgan , but the safety position could use some more experience. The front-line starters seem strong: Sabb, Bray Hubbard and Jones/Morgan, but there’s a considerable gap in depth. A versatile defensive back with some game experience would be a nice addition. Offensive/defensive line: The defensive line is going to be hit hard. James Smith is an exciting young player, and adding Collins helps, but this group could use an impactful player if one emerges from a Playoff roster or in the spring portal window. The interior of the offensive line was addressed with the addition of Dewberry. It would be nice to add another tackle who can provide some competition. (Top photo of Kalen DeBoer: Kevin C. Cox / Getty Images)

A number of President-elect Donald Trump’s picks for his cabinet and administration have been targeted in bomb and swatting threats, the transition team said Wednesday. “Last night and this morning, several of President Trump’s Cabinet nominees and Administration appointees were targeted in violent, unAmerican threats to their lives and those who live with them. These attacks ranged from bomb threats to ‘swatting,’” Karoline Leavitt, a Trump-Vance Transition spokesperson, said in a statement. FBI Statement Regarding Threats to Nominees and Appointees https://t.co/PNbmuHjrrl pic.twitter.com/tenOKMeupW Stories by Lauren Sforza ‘Shark Tank’ millionaire reacts to Trump tariffs: I’d like to see 400% Trump cabinet pick’s accuser opens door for dramatic testimony about sex abuse Top Dem donor: Why Kamala Harris should be disqualified ‘forever’ after loss to TrumpNoneProtesters at a candlelight vigil to condemn President Yoon Suk Yeol's surprise declaration of the failed martial law and to call for his resignation in Seoul, on Dec 5. Members of Korean Confederation of Trade Unions and civic groups during a demonstration in Seoul on Dec 4. A South Korea flag flies above a sign that reads "The prosecution's dictatorship" as protesters take part in a rally at the National Assembly in Seoul on Dec 5. Republic of Korea Marine Corps veterans shave their heads during a demonstration calling for the dismissal and impeachment of President Yoon Suk Yeol, in Seoul on Dec 5. SEOUL - South Korean President Yoon Suk Yeol looks set to hang on to office – at least for now – despite a disastrous stab at establishing martial law in the country, with his ruling People Power Party (PPP) rallying around him against the opposition’s efforts to impeach him. That means that the motion to charge him with “violating the Constitution and the law”, to be held on Dec 7, may not get its required majority in the legislature to be passed. Still, a legal guillotine – albeit politically motivated – continues to loom over Mr Yoon’s head, with the police now investigating him for treason over his botched attempt that plunged the nation into chaos for six hours on the night of Dec 3. Mr Yoon has not been seen in public since the early hours of Dec 4, when he repealed the martial law decree, although he had been expected to make a national address on Dec 5 to apologise for the debacle. A presidential official said that Mr Yoon would not be making any public statements for that day, without offering reasons. At any rate, the anticipated apology – while it would have mollified some – was not expected to significantly change the trajectory of his destiny. The police complaints were filed by an opposition party and a group of activists on Dec 5 against Mr Yoon, former defence minister Kim Yong-hyun, who is said to have masterminded the martial law move, and the Army Chief of Staff, General Park An-su, who was briefly military commander during the ill-fated self-coup. The trio are being accused of treason and other related charges for their roles in the short-lived martial rule on Dec 3. If found guilty, Mr Yoon and the others accused of treason may be sentenced to life in prison, or even death, reported local media. Mr Kim had resigned earlier on Dec 5 over his role in the midnight bungle, and has been slapped with a travel ban while investigations are ongoing. It is not clear how long the investigations will take. In the political arena, Mr Yoon’s fate is similarly unclear, though analysts say they believe he could well survive. South Korea’s main opposition leader Lee Jae-myung said it might be difficult to garner enough support from the ruling party to impeach President Yoon Suk Yeol this week over his declaration of martial law. PHOTO: BLOOMBERG While the opposition has made it clear that it is out for Mr Yoon’s blood, his ruling PPP – despite being blindsided by Mr Yoon’s martial law move – is now rallying around the beleaguered President. PPP chief Han Dong-hoon, who was among the 18 ruling party lawmakers who had rushed to Parliament on Dec 3 to vote for the repeal of martial law, had been quick to denounce Mr Yoon’s action as “unconstitutional”, while calling for those responsible to be held accountable. But a day later, as he chaired his party’s meeting, Mr Han softened his stance, vowing to unite his party in blocking the impeachment motion, to “prevent harm from unprepared chaos to the public and PPP supporters”. Head of the ruling People Power Party Han Dong-hoon (centre) vowed to unite his party in blocking the impeachment motion. PHOTO: EPA-EFE The impeachment motion requires a two-thirds majority to pass the 300-member Parliament. This means that the opposition bloc, with 192 seats, will need at least eight PPP lawmakers to defect and back their Bill for Mr Yoon to be impeached. Adamant about pushing the motion through, the dominant opposition Democratic Party (DP) has urged ruling party lawmakers to “act according to one’s conscience, not political interests”. The six-party opposition coalition is also rallying citizens to join it for a massive protest in central Seoul on Dec 7, before the lawmakers proceed to the National Assembly to vote on the motion that evening at 7pm. The chances of the ruling party lawmakers defecting to the opposition are quite slim, even though they might have been bitterly disappointed with Mr Yoon’s actions, said Kyonggi University’s professor of political science and law Hahm Sung-deuk. “The conservatives are really afraid of losing power, in particular to opposition leader Lee Jae-myung. So, for now, they will still back Mr Yoon,” he told The Straits Times. The conservatives can ill afford to have two presidents from their parties impeached in a row. Conservative President Park Geun-hye of the Saenuri Party, who was elected in February 2013, was impeached and ousted in March 2017 on charges related to influence-peddling by her top aide Choi Soon-sil. More than half of the lawmakers from her party had voted in favour of the impeachment then. The liberal DP’s Moon Jae-in won the 2017 presidential election, and the conservatives barely managed to wrestle back power in 2022 when Mr Yoon won the presidential race with a very slim margin against the DP’s Mr Lee. Describing the impeachment of Ms Park as a “tragic memory” for the conservatives, Prof Hahm believed they would do all they could to block Mr Yoon’s impeachment this time round, in order to buy time to plan their next moves. If Mr Yoon resigns or is impeached and ousted, a snap presidential election that must take place within 60 days will likely see Mr Lee victorious. PPP chief Han, who is himself eyeing the next presidential race due in 2027, will not want to bear the cross of being a traitor by agreeing to the impeachment, said Prof Hahm. Mr Han, who was Mr Yoon’s colleague when they were both prosecutors, was briefly appointed as justice minister in 2022 by Mr Yoon before stepping down in December 2023 to lead the PPP in the April 2024 general election. The pair fell out in early 2024 over First Lady Kim Keon Hee’s luxury bag scandal. Mr Han, who met Mr Yoon with other party members on the evening of Dec 4 to discuss the next steps, told reporters after the meeting that he had asked Mr Yoon to leave the party. While leaving the party technically does not affect Mr Yoon’s presidency, it will mean his losing the party’s protection for a second round of impeachment, which the opposition will likely gun for if this one fails. With PPP’s protection not likely lasting beyond the first round of impeachment, the best exit option for Mr Yoon is to resign, said Prof Hahm. But as demonstrated by his drastic move to enforce martial rule in a misguided bid to consolidate power after months of hobbling along in a lame duck presidency, Mr Yoon is unlikely to give up easily. Kyung Hee University’s political science professor Ahn Byong-jin suggested that there could still be a chance for Mr Yoon to change his political fate. If the first impeachment is successful, it needs to be approved by the nine-member council of the Korean Constitutional Court. Pointing out that the council is made up of judges appointed by President Yoon, Prof Ahn thought that the possibility of the court rejecting the impeachment could not be ruled out. Mr Yoon could also possibly play the “fatigue” game, banking on a prolonged deadlocked situation for public anger to subside, before leaving on his own terms. “These ideas may sound unthinkable, but whatever happened that night was already unthinkable, so you have to consider the unthinkable!” Prof Ahn told ST. Other analysts were less optimistic. Dr Bong Young-shik of Yonsei University in Seoul thought that Mr Yoon could not avoid stepping down from power, as the opposition would likely ramp up more pressure by going after his wife. He believed Mr Yoon made the call to declare martial rule in an attempt to block the opposition’s impeachment of the state auditor and three top prosecutors over scandals surrounding the First Lady. “The impeachment process will likely unearth dirty, ugly stories that Mr Yoon is trying to block,” said Dr Bong. The motion to impeach the officials was passed by the opposition-led National Assembly on Dec 5. To Dr Lee Seong-Hyon, senior fellow at the US-based George H.W. Bush Foundation for US-China Relations, the game is likely over for Mr Yoon. He said: “Mr Yoon’s approval ratings were already languishing at around 20 per cent before the martial law debacle, and they are bound to sink further. “Governing effectively will be impossible, given his shattered credibility at home and abroad.” Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now

ST. HELENA, Calif.--(BUSINESS WIRE)--Dec 5, 2024-- The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) today reported its financial results for the three months ended October 31, 2024. First Quarter 2025 Highlights “We are pleased to begin fiscal 2025 with strong financial performance. Our growth continues to outpace the industry as our teams remain focused on advancing our strategic initiatives,” said Deirdre Mahlan, President, CEO and Chairperson. “We believe our distinctive brands, operational excellence and market-leading performance leave us well positioned to deliver long-term growth and profitability.” First Quarter 2025 Results Three months ended October 31, 2024 2023 Net sales growth (decline) 19.9 % (5.2 )% Volume contribution 24.7 % (3.4 )% Price / mix contribution (4.8 )% (1.8 )% Three months ended October 31, 2024 2023 Wholesale – Distributors 79.3 % 77.0 % Wholesale – California direct to trade 13.9 15.6 DTC 6.8 7.4 Net sales 100.0 % 100.0 % Net sales were $122.9 million, an increase of $20.4 million, or 19.9%, versus $102.5 million in the prior year period. The increase was driven primarily by the addition of Sonoma-Cutrer, partially offset by a lower price / mix contribution. Gross profit was $61.5 million, an increase of $7.6 million, or 14.2%, versus the prior year period. Gross profit margin was 50.0%, a decline of 250 basis points versus the prior year period. Adjusted gross profit was $63.8 million, an increase of $10.6 million or 19.8% versus the prior year period, reflecting higher net sales with the addition of Sonoma-Cutrer. Adjusted gross profit margin was 51.9% a decline of 10 basis points versus the prior year, as a result of an increase in cost of goods. Total selling, general and administrative expenses were $40.8 million, an increase of $10.3 million, or 33.8%, versus $30.5 million in the prior year period. Adjusted selling, general and administrative expenses were $23.9 million, an increase of $1.3 million, or 5.8%, versus $22.6 million in the prior year period, and a decrease of 260 basis points as a percentage of net sales. Net income was $11.2 million, or $0.08 per diluted share, versus $15.5 million, or $0.13 per diluted share, in the prior year period. Adjusted net income was $23.8 million, or $0.16 per diluted share, versus $17.2 million, or $0.14 per diluted share, in the prior year period. Adjusted EBITDA was $48.6 million, an increase of $13.9 million, or 39.9%, versus $34.7 million in the prior year period. This increase was driven primarily by an increase in net sales associated with the addition of Sonoma-Cutrer and ongoing operating cost controls that resulted in slower growth of adjusted selling, general and administrative expenses as a percentage of net sales. As a result, adjusted EBITDA margin improved 560 basis points versus the prior year period. Conference Call and Webcast The Company will no longer host its earnings conference call and webcast. About The Duckhorn Portfolio, Inc. The Duckhorn Portfolio is North America’s premier luxury wine company, with eleven wineries, ten state-of-the-art winemaking facilities, eight tasting rooms and over 2,200 coveted acres of vineyards spanning 38 Estate properties. Established in 1976, when vintners Dan and Margaret Duckhorn founded Napa Valley’s Duckhorn Vineyards, today, our portfolio features some of North America’s most revered wineries, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing. Sourcing grapes from our own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, California’s North and Central coasts, Oregon and Washington State, we offer a curated and comprehensive portfolio of acclaimed luxury wines with price points ranging from $20 to $230 across more than 15 varietals. Our wines are available throughout the United States, on five continents, and in more than 50 countries around the world. To learn more, visit us at: https:// www.duckhornportfolio.com/ . Investors can access information on our investor relations website at: https://ir.duckhorn.com . Use of Non-GAAP Financial Information In addition to the Company’s results, which are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company believes the following non-GAAP measures presented in this press release and discussed on the related teleconference call are useful in evaluating its operating performance: adjusted gross profit, adjusted selling, general and administrative expenses, adjusted EBITDA, adjusted net income and adjusted EPS. Certain of these non-GAAP measures exclude depreciation and amortization, non-cash equity-based compensation expense, purchase accounting adjustments, casualty losses or gains, impairment losses, inventory write-downs, changes in the fair value of derivatives, and certain other items, net of the tax effects of all such adjustments, which are not related to the Company’s core operating performance. The Company believes that these non-GAAP financial measures are provided to enhance the reader’s understanding of our past financial performance and our prospects for the future. The Company’s management team uses these non-GAAP financial measures to evaluate business performance in comparison to budgets, forecasts and prior period financial results. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. A reconciliation is provided herein for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Readers are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. Forward-Looking Statements This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements regarding the timing or nature of future operating or financial performance or other events. For example, all statements The Duckhorn Portfolio makes relating to its estimated and projected financial results or its plans and objectives for future operations, growth initiatives or strategies are forward-looking statements. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to manage the growth of its business; the Company’s reliance on its brand name, reputation and product quality; the effectiveness of the Company’s marketing and advertising programs, including the consumer reception of the launch and expansion of our product offerings; general competitive conditions, including actions the Company’s competitors may take to grow their businesses; overall decline in the health of the economy and the impact of inflation on consumer discretionary spending and consumer demand for wine; the occurrence of severe weather events (including fires, floods and earthquakes), catastrophic health events, natural or man-made disasters, social and political conditions, war or civil unrest; risks associated with disruptions in the Company’s supply chain for grapes and raw and processed materials, including corks, glass bottles, barrels, winemaking additives and agents, water and other supplies; risks associated with the disruption of the delivery of the Company’s wine to customers; disrupted or delayed service by the distributors and government agencies the Company relies on for the distribution of its wines outside of California; the Company’s ability to successfully execute its growth strategy; risks associated with our acquisition of Sonoma-Cutrer Vineyards, Inc.; decreases in the Company’s wine score ratings by wine rating organizations; quarterly and seasonal fluctuations in the Company’s operating results; the Company’s success in retaining or recruiting, or changes required in, its officers, key employees or directors; the Company’s ability to protect its trademarks and other intellectual property rights, including its brand and reputation; the Company’s ability to comply with laws and regulations affecting its business, including those relating to the manufacture, sale and distribution of wine; the risks associated with the legislative, judicial, accounting, regulatory, political and economic risks and conditions specific to both domestic and to international markets; claims, demands and lawsuits to which the Company is, and may in the future, be subject and the risk that its insurance or indemnities coverage may not be sufficient; the Company’s ability to operate, update or implement its IT systems; the Company’s ability to successfully pursue strategic acquisitions and integrate acquired businesses; the Company’s potential ability to obtain additional financing when and if needed; the Company’s substantial indebtedness and its ability to maintain compliance with restrictive covenants in the documents governing such indebtedness; the Company’s largest shareholders’ significant influence over the Company; the potential liquidity and trading of the Company’s securities; the future trading prices of the Company’s common stock and the impact of securities analysts’ reports on these prices; and the risks identified in the Company’s other filings with the SEC. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the Company’s filings with the SEC, available at www.sec.gov , for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands, except shares and per share data) October 31, 2024 July 31, 2024 ASSETS Current assets: Cash $ 5,407 $ 10,872 Accounts receivable trade, net 88,016 52,262 Due from related party 222 10,845 Inventories 530,293 448,967 Prepaid expenses and other current assets 11,040 14,594 Total current assets 634,978 537,540 Property and equipment, net 568,391 568,457 Operating lease right-of-use assets 26,369 27,130 Intangible assets, net 190,577 192,467 Goodwill 484,379 483,879 Other assets 7,470 7,555 Total assets $ 1,912,164 $ 1,817,028 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 66,357 $ 5,774 Accrued expenses 69,346 34,164 Accrued compensation 7,994 11,386 Deferred revenue 12,264 80 Current maturities of long-term debt 9,721 9,721 Due to related party 342 1,714 Other current liabilities 4,250 3,905 Total current liabilities 170,274 66,744 Revolving line of credit 83,000 101,000 Long-term debt, net of current maturities and debt issuance costs 198,263 200,734 Operating lease liabilities 23,579 24,286 Deferred income taxes 151,104 151,104 Other liabilities 694 705 Total liabilities 626,914 544,573 Stockholders’ equity: Common stock, $0.01 par value; 500,000,000 shares authorized; 147,200,572 and 147,073,614 issued and outstanding at October 31, 2024 and July 31, 2024, respectively 1,472 1,471 Additional paid-in capital 1,012,874 1,011,265 Retained earnings 270,299 259,135 Total The Duckhorn Portfolio, Inc. stockholders’ equity 1,284,645 1,271,871 Non-controlling interest 605 584 Total stockholders’ equity 1,285,250 1,272,455 Total liabilities and stockholders’ equity $ 1,912,164 $ 1,817,028 THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except shares and per share data) Three months ended October 31, 2024 2023 Sales $ 124,669 $ 103,903 Excise tax 1,727 1,394 Net sales 122,942 102,509 Cost of sales 61,442 48,656 Gross profit 61,500 53,853 Selling, general and administrative expenses 40,798 30,483 Income from operations 20,702 23,370 Interest expense 5,115 4,004 Other expense (income), net 117 (1,813 ) Total other expenses, net 5,232 2,191 Income before income taxes 15,470 21,179 Income tax expense 4,285 5,629 Net income 11,185 15,550 Net income attributable to non-controlling interest (21 ) (13 ) Net income attributable to The Duckhorn Portfolio, Inc. $ 11,164 $ 15,537 Earnings per share of common stock: Basic $ 0.08 $ 0.13 Diluted $ 0.08 $ 0.13 Weighted average shares of common stock outstanding: Basic 147,128,486 115,339,774 Diluted 147,186,767 115,451,719 THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in thousands) Three months ended October 31, 2024 2023 Cash flows from operating activities Net income $ 11,185 $ 15,550 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization 10,631 7,329 Gain on disposal of assets (61 ) (42 ) Change in fair value of derivatives 137 (1,889 ) Amortization of debt issuance costs 194 194 Equity-based compensation 2,254 1,150 Change in operating assets and liabilities; net of acquisition: Accounts receivable trade, net (35,754 ) (22,547 ) Due from related party 10,623 — Inventories (80,443 ) (66,115 ) Prepaid expenses and other current assets 3,550 1,781 Other assets (212 ) 283 Accounts payable 61,149 28,045 Accrued expenses 37,058 51,985 Accrued compensation (3,392 ) (7,808 ) Deferred revenue 12,184 11,132 Due to related party (1,372 ) — Other current and non-current liabilities (496 ) (982 ) Net cash provided by operating activities 27,235 18,066 Cash flows from investing activities Purchases of property and equipment, net of sales proceeds (11,556 ) (10,395 ) Net cash used in investing activities (11,556 ) (10,395 ) Cash flows from financing activities Payments under line of credit (18,000 ) (13,000 ) Borrowings under line of credit — 23,000 Payments of long-term debt (2,500 ) (2,500 ) Taxes paid related to net share settlement of equity awards (644 ) (342 ) Net cash (used in) provided by financing activities (21,144 ) 7,158 Net (decrease) increase in cash (5,465 ) 14,829 Cash - Beginning of period 10,872 6,353 Cash - End of period $ 5,407 $ 21,182 Supplemental cash flow information Interest paid, net of amount capitalized $ 4,585 $ 4,009 Income taxes paid $ — $ 11,607 Non-cash investing activities Property and equipment additions in accounts payable and accrued expenses $ 2,568 $ 3,300 THE DUCKHORN PORTFOLIO, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted gross profit, adjusted selling, general and administrative expenses, adjusted net income, adjusted EBITDA and adjusted EPS, collectively referred to as “Non-GAAP Financial Measures,” are commonly used in the Company’s industry and should not be construed as an alternative to net income or earnings per share as indicators of operating performance (as determined in accordance with GAAP). These Non-GAAP Financial Measures may not be comparable to similarly titled measures reported by other companies. The Company has included these Non-GAAP Financial Measures because it believes the measures provide management and investors with additional information to evaluate business performance in comparison to budgets, forecasts and prior year financial results. Non-GAAP Financial Measures are adjusted to exclude certain items that affect comparability. The adjustments are itemized in the tables below. You are encouraged to evaluate these adjustments and the reason the Company considers them appropriate for supplemental analysis. In evaluating adjustments, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments set forth below. The presentation of Non-GAAP Financial Measures should not be construed as an inference that future results will be unaffected by unusual or recurring items. Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure that the Company calculates as net income before interest, taxes, depreciation and amortization, non-cash equity-based compensation expense, purchase accounting adjustments, transaction expenses, acquisition integration expenses, changes in the fair value of derivatives and certain other items which are not related to our core operating performance. Adjusted EBITDA is a key performance measure the Company uses in evaluating its operational results. The Company believes adjusted EBITDA is a helpful measure to provide investors an understanding of how management regularly monitors the Company’s core operating performance, as well as how management makes operational and strategic decisions in allocating resources. The Company believes adjusted EBITDA also provides management and investors consistency and comparability with the Company’s past financial performance and facilitates period to period comparisons of operations, as it eliminates the effects of certain variations unrelated to its overall performance. Adjusted EBITDA has certain limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Some of these limitations include: Because of these limitations, you should consider adjusted EBITDA alongside other financial performance measures, including net income and the Company’s other GAAP results. In evaluating adjusted EBITDA, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in this presentation. The Company’s presentation of adjusted EBITDA should not be construed as an inference that the Company’s future results will be unaffected by the types of items excluded from the calculation of adjusted EBITDA. Adjusted Gross Profit Adjusted gross profit is a non-GAAP financial measure that the Company calculates as gross profit excluding the impact of purchase accounting adjustments (including depreciation and amortization related to purchase accounting), non-cash equity-based compensation expense, and certain inventory charges. We believe adjusted gross profit is a useful measure to us and our investors to assist in evaluating our operating performance because it provides consistency and direct comparability with our past financial performance between fiscal periods, as the metric eliminates the effects of non-cash or other expenses unrelated to our core operating performance that would result in fluctuations in a given metric for reasons unrelated to overall continuing operating performance. Adjusted gross profit should not be considered a substitute for gross profit or any other measure of financial performance reported in accordance with GAAP. Adjusted Net Income and Adjusted Selling, General and Administrative Expenses Adjusted net income is a non-GAAP financial measure that the Company calculates as net income excluding the impact of non-cash equity-based compensation expense, purchase accounting adjustments, transaction expenses, acquisition integration expenses, changes in the fair value of derivatives and certain other items unrelated to core operating performance, as well as the estimated income tax impacts of all such adjustments included in this non-GAAP performance measure. We believe adjusted net income assists us and our investors in evaluating our performance period-over-period. In calculating adjusted net income, we also calculate the following non-GAAP financial measures which adjust each GAAP-based financial measure for the relevant portion of each adjustment to reach adjusted net income: Adjusted net income should not be considered a substitute for net income or any other measure of financial performance reported in accordance with GAAP. Adjusted EPS Adjusted EPS is a non-GAAP financial measure that the Company calculates as adjusted net income divided by diluted share count for the applicable period. We believe adjusted EPS is useful to us and our investors because it improves the comparability of results of operations from period to period. Adjusted EPS should not be considered a substitute for net income per share or any other measure of financial performance reported in accordance with GAAP. THE DUCKHORN PORTFOLIO, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited, in thousands, except per share data) Three months ended October 31, 2024 Net sales Gross profit SG&A Adjusted EBITDA Income tax Net income Diluted EPS GAAP results $ 122,942 $ 61,500 $ 40,798 $ 11,164 $ 4,285 $ 11,164 $ 0.08 Percentage of net sales 50.0 % 33.2 % 9.1 % Interest expense 5,115 Income tax expense 4,285 Depreciation and amortization expense 119 (1,903 ) 10,631 EBITDA $ 31,195 Purchase accounting adjustments 1,957 1,957 542 1,415 0.01 Transaction expenses (13,125 ) 13,125 3,636 9,489 0.06 Acquisition integration costs (152 ) 152 42 110 — Change in fair value of derivatives 137 38 99 — Equity-based compensation 266 (1,734 ) 2,000 504 1,496 0.01 Non-GAAP results $ 122,942 $ 63,842 $ 23,884 $ 48,566 $ 9,047 $ 23,773 $ 0.16 Percentage of net sales 51.9 % 19.4 % 39.5 % Three months ended October 31, 2023 Net sales Gross profit SG&A Adjusted EBITDA Income tax Net income Diluted EPS GAAP results $ 102,509 $ 53,853 $ 30,483 $ 15,537 $ 5,629 $ 15,537 $ 0.13 Percentage of net sales 52.5 % 29.7 % 15.2 % Interest expense 4,004 Income tax expense 5,629 Depreciation and amortization expense 124 (3,108 ) 7,329 EBITDA $ 32,499 Purchase accounting adjustments 25 25 7 18 — Transaction expenses (3,236 ) 3,236 861 2,375 0.02 Change in fair value of derivatives (1,889 ) (502 ) (1,387 ) (0.01 ) Equity-based compensation 206 (846 ) 1,052 272 780 0.01 Lease income, net (926 ) (926 ) (716 ) (210 ) (56 ) (154 ) — Non-GAAP results $ 101,583 $ 53,282 $ 22,577 $ 34,713 $ 6,211 $ 17,169 $ 0.14 Percentage of net sales 52.0 % 22.0 % 33.9 % Note: Sum of individual amounts may not recalculate due to rounding. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205396304/en/ CONTACT: Investor Contact Ben Avenia-Tapper IR@duckhorn.com 707-339-9232Media Contact Jessica Liddell, ICR DuckhornPR@icrinc.com 203-682-8200 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA OREGON INDUSTRY KEYWORD: RETAIL LUXURY WINE & SPIRITS AGRICULTURE NATURAL RESOURCES SPECIALTY FOOD/BEVERAGE SOURCE: The Duckhorn Portfolio, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205396304/enNone

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