US: WRAP - Brown-Forman's third quarter up, but tough times ahead
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.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the beer category in 2017 - Focus
- Key trends for the spirits sector in 2017 - Focus
- Key trends for the alcohol category in 2017
- Premium to counter mainstream in gin - research
- Bacardi lines up Canadian bottling plant closure
- Pernod unveils new St Patrick's Day Jameson bottle
- Pernod Ricard's Method and Madness Irish whiskey
- Asahi Group lifts 2016 sales, profits
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers