growth today another and everyone. continued and of long-term joining for luxury quarter financial sound the outperformance our execution to Sean, good of Thank subsegment. you you, demonstrating performance, wine Thank strategy discuss of strong afternoon, us
fiscal year will call will update open will our XXXX. and for the remarks, also walk our Then through for opening on my raised provide an Lori, we guidance Following us questions. quarterly results
few to highlights like would a quarter. by the offering from I begin today's call
First, of This the sales on growth. two-year we and volume XX% high-end our a the the trends period. year nearly sequential net for robust lapping expectations growth acceleration remaining we the primary X% organic our prior quarter marks delivered realized with driver at growth the wholesale in our to
Second, demand growth and quarter. our luxury once healthy of remains exceeded pace our for the high quality wholesale very depletion again shipments in wines the
labels REITs execute and to our space doors distribution against extending the into high new continue adding opportunity in We additional our wide accounts. of existing luxury brands considerable quality
progress on in During and the labels number lines we quarter, and on of each off premise and sold our both in accounts across made of types. account solid account, the increasing number are the which
premiumization wine trend continues. luxury the Third, toward
superior share volume. we and suppliers consistent in again our luxury outpace wine segment our winery by trends growth scaled among far to sub fastest resulted and continued strong leader broader Decoy, once continue brands, in dollars both measured distribution remains segment This in growing gains. gains a were Vineyards, the performance Luxury marked sub and led and largest Duckhorn by the the consumption category,
We affluent result beyond continue our a signs XX% margin strength. nearly of up the is according both to the resiliency DTC our wholesale Fourth, our uncertainty, continuing with brand to strength the that believe as quarter. channel superior of high of of performance see this little, our as extends of well Duckhorn portfolio. times in in business trade more plan, down consumer And if the within during any luxury
Our successful. releases exclusive Browne time tremendously limited Burgundy Single Vineyard were Kosta Series and
the brands our multiple directly speak are loyal and growth. top were to across clubs winery would solid In driving with consumers successfully line addition, sales from we our ways wine our connecting
clear and visibility the period also cost EBITDA prior plan. P&L profit with to approach production and ahead each deliver structure results diversified and us margin highly to enabled our gross fifth, into hundred margin the sourcing adjusted strong of several down year above And our our with coupled points wine adjusted grape up and basis
performance growth strategy, our well-balanced quarter's omnichannel which rooted across in This is is our and strong brands. diversified winery
on-premise on both premise, well account account, strong continue of depletions labels we a to outperformed prior gains year growth, to longer-term solid in levels. In see in-spite that depletions off the velocities in Returning of in pre-pandemic and the off-premise each challenging dynamics, per above depletions accounts sold channel remain period. double-digits and the increasing as reflecting number our growth as comparison
that underscoring expectations. the to that continue us view strong is partner continue with wines high in luxury trusted consumers prefer. our quality a grow restaurant in-line On-premise tours health underlying momentum have supplies as channel that off-premise also our we grow, channel of The depletions, to depletions as as continue to consistently
balance contributed as between good labels and timeframe. this expected national and cases, each in account observed as We strongly and accounts of number independent over accounts sold
have we remains the discussed before, future growth. greatest channel opportunity As our for off-premise
our awareness further strategically share distribution optimize we take the channel. in and pricing that we and drive As continue brands, are in of to winery to sales confident our invest we can
margin high quarter. business in tremendous Our direct-to-consumer the realized growth
over ultra implementing we the year. We have previously of course luxury timing in are this Kosta the discussed that offerings the Browne the our of change of wines
moved quarter from that second new provided a the offering together Series joined quarter it the innovative, and Vineyard to where into considerable first tailwind sales with Burgundy the Browne Kosta Consistent margin. which gross offering, our cadence, Single highly
year purchase only Kosta some offerings time an the of passionate is that DTC to opportunity in in once recall these of is Duckhorn customers channel The the wines per predominantly may through rarest sold some our model, limited most allocation afford you a these limited wines As of and Portfolio. Browne offered each
eligible consistently is production offering. ultra-luxury the purchase we Given the and and Kosta Browne be every small scarcity wine to size these wines, backlog extensive sell-out to of
top offering, quarters. releases offering largest Kosta the [ships] each As a the because two we performance quarter. enter fourth driver considerable the fiscal shift similar we the later second in Kosta in year, series serve in of it our Browne’s timing is Browne the to in [ph] to half a next a performance compared year. Appalachian our the bottom And line of and as will expect from prior we our Notably, year, expect this
impacted solid our in-spite our quarter. favorites Browne strength Complementing sales loyal our wine during Kosta the weather results new cherished rooms, trends as of with club that were enjoyed At along in of generally the our were innovative most offerings. customers inclement temporarily visitation stable tasting
we we are bookings encouraged early this shaping for by look As ahead, how spring. are up
beyond well DTC. boundaries Our of innovation extends the
channel. great scale have wines new at success also Our achieved the in wholesale
the previously of the our Limited, Label Blue Decoy have success Decoy of growth winery the deliver portfolio. our in we Decoy leveraging elevated to space offering, the by of is managed open a One accomplishments filling incremental strength proudest brand,
of Since growth of to introduction distribution through Decoy continued of increased and With with and post warm initial has Rosé original Limited the recent positive Decoy Merlot offerings. the examples. X as Limited varietals Valley Brut Limited strong initial Limited new new markets acceptance outsized our in varietals Decoy offered XXXX, the sell-in serving early of Alexander
by and the these bringing to increasingly delighted recognized attainable both to for the are price wines at delicious we and market consumer be are luxury point being trade. the We
widely wine] globally luxury rated recognition XXXX higher named at Blend validates available was wine wine provide Limited points recently His [value to point. fact, our Decoy XX highlights or or Red an X Number at and varieties less. the ability outstanding by [ph] attainable spectator In $XX wine and all price across
and segment continued the performance. total summary, only premiumization and sub underpinnings that first wine and the to In the our outperformance segment with growth sub intact the outpace luxury segment luxury remain have half continues our pleased that key The relative very strengthen. of I'm to long-term support second components of the us quarter strategy allowed to
back continue growth, confident We our the half upwardly the head fiscal good is year announcing we the profitable in momentum. into revised deliver are with full-year reflected to that strong, in ability which guidance of today. I'm highly
that, over detail. in year second it fiscal performance XXXX updated our With to now I'll discuss and to quarter outlook Lori greater turn
