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Ahead of the release on Wednesday of Brown-Forman's results for the second quarter and first half of its fiscal-2018, here's a look at the events that shaped the three months to the end of October for the group.
Brown-Forman will report Q2 & H1 2018 results tomorrow
- At the start of August, Brown-Forman kicked off a Jack Daniel's cocktail drive - asking consumers to look beyond the traditional Jack & cola serve
- Towards the end of the month, CEO Paul Varga reported a period of stabilisation in the company's emerging markets, as the performance of the group's reporting division continued to improve in the first quarter of fiscal-2018
- At the start of September, the group released Jack Daniel's Tennessee Rye
- Next, the company announced that operations were set to begin at its Irish whiskey distillery, Slane
- At the end of September, the group named a new COO, after a five-year gap. Chief brands & strategy officer Lawson Whiting stepped up the role on 1 October
- In mid-October, the company announced a new UK manager - Jeremy Shepherd will assume the position on 1 January
- At the end of the quarter, we published an in-depth look at Brown-Forman's results over a five-year period. Then, we asked: What can the spirits industry learn from Brown-Forman?
Brown-Forman Fiscal-2018 - Sales versus 2017
| 2017 | 2018 | |
| Fourth Quarter | 694 | null |
| Third Quarter | 808 | null |
| Second Quarter | 830 | null |
| First Quarter | 661 | 723 |
Source: Company results
First-quarter results highlights
- First-quarter sales in organic terms rose by 6% to US$723m
- Reported sales increased 9%
- Net profits from the three months to the end of July jumped 24% to $178m
- Operating profits were up 14% to $244m - +12% in organic terms
Brown-Forman Q1 fiscal-2018 by brand & region - results data
Sectors: Company results, Spirits
Companies: Brown-Forman
