US: WRAP - Brown-Forman's third quarter up, but tough times ahead
By just-drinks.com editorial team | 22 February 2002
By Chris Brook-Carter and Anne Brockhoff US spirits group, Brown-Forman, posted net income of $57.3 million for the third quarter to the end of January, up slightly from $56.3 million last year. The company reported that earnings per share for the period were $0.84, up 2% on the previous year. However, the results were affected by non-recurring charges of around $0.06 per share, principally related to the closing of the company's crystal manufacturing plant, and were boosted by an accounting change, which benefited EPS by $0.04 per share.
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By Chris Brook-Carter and Anne Brockhoff US spirits group, Brown-Forman, posted net income of $57.3 million for the third quarter to the end of January, up slightly from $56.3 million last year. The company reported that earnings per share for the period were $0.84, up 2% on the previous year. However, the results were affected by non-recurring charges of around $0.06 per share, principally related to the closing of the company's crystal manufacturing plant, and were boosted by an accounting change, which benefited EPS by $0.04 per share.
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