How did MGP Ingredients' revenue and expenses shift in Q4 2024?

MGP Ingredients (MGPI) experienced a notable increase in revenue, with a 15.5% rise, reaching $180.8 million in Q4 2024, compared to $156.4 million in the same period the previous year. However, the cost of goods sold also saw a significant uptick, rising by 17.6% to $106.32 million, which could indicate challenges in cost management. On the other hand, research and development (R&D) expenses remained relatively stable, increasing by 3.3% to $30.96 million. Sales and marketing expenses, as well as general and administrative expenses, saw more modest increases, with overall expenses rising by approximately 10%. This suggests that while the company is growing, it is also investing in areas such as R&D to maintain its competitive edge.

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Cost of Goods Sold|R&D Expenses|Total Revenue|Advertising and Marketing Expenses|market_code|
|---|---|---|---|---|---|---|---|---|---|
|MGPI|MGPI.O|MGP Ingredients|2024 Q1|2.9662E7|1.07768E8||1.70563E8||185|
|MGPI|MGPI.O|MGP Ingredients|2024 Q2|3.4424E7|1.07573E8||1.90805E8||185|
|MGPI|MGPI.O|MGP Ingredients|2024 Q3|2.6851E7|9.5646E7||1.61461E8||185|
|MGPI|MGPI.O|MGP Ingredients|2024 Q4|3.0962E7|1.06321E8||1.80796E8||185|