Brown-Forman toasts "superb" full-year with rising sales, profits
- Full-year net profits rise by 3.8% to US$684m
- Net sales in 12 months to end of April increase by 3.8% to $4.1bn
- Operating profits climb by 5.8% in fiscal-2015 to $1.03bn
- Fiscal-2016 net sales forecast to rise by 6% to 7%
- Q4 net profits up 6.1% to $140m
- Net sales in three months to end of April increase by 6% to $947m
- Final-quarter operating profits leap by 22.8% to $232m
- For a look at Brown-Forman's perfomance by region and by brand, click here
- For coverage of the company's post-results conference call, click here
- An analysis of Brown-Forman's Jack Daniel's Tennessee Fire brand can be found here
Brown-Forman released its full-year figures earlier today
Brown-Forman has reported a near-4% increase in both sales and profits for its fiscal-2014-15, with the outlook set fair for the current financial year.
Net profits and sales in the 12 months to the end of April both reported a 3.8% rise on the corresponding period a year earlier. The performance follows an 11% leap in profits in the previous year, when sales were up similarly, by 4%.
In the US, Brown-Forman's largest market by far (43% of total sales), the group saw reported sales climb by 10%. Although in its second largest market, Australia, sales were down 8% in reported terms. The Jack Daniel's whiskey brand is approaching 5m cases per year in the US, where the company "enjoyed one of its strongest years in recent history".
CEO Paul Varga said: "Fiscal 2015 was another superb year of comprehensive progress for Brown-Forman. Foreign exchange impact aside, our business performed exceptionally well."
On outlook, Brown-Forman said it expects "continued growth across most major markets, developed and emerging". Underlying net sales are expected to rise by 6% to 7%, with underlying operating profits forecast to be up by between 8% and 10%.
To read the company's official statement, click here.
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