Jack Daniel's parent Brown-Forman edges past consensus for its fiscal third quarter
Jack Daniel's distributor Brown-Forman Corp. posted net income of $259 million, or 54 cents a share, for its fiscal third quarter through Jan. 31, up from $219 million, or 45 cents a share, in the year-earlier period. Sales rose 14% to $1.037 billion from $911 million a year ago. The FactSet consensus was for EPS of 52 cents and sales of $1.036 billion. Chief Executive Lawson Whiting said the quarter was hit by supply chain constraints, notably in glass supply. Sales of Jack Daniel's family of brands rose 12% in the year to date... Читать дальше...
