US: Earnings down in first quarter at Brown-Forman

Most popular

Pernod is buying Malfy for the flavour - comment

Connecting with Generation Z - FUTURES

Is Carlsberg treating consumers like suckers

The just-drinks Analyst returns

Mineral water's race with its bottled water foes


US spirits and wines group, Brown-Forman, posted a profit of $36.1m, or 53 cents a share, for the first quarter to the end of July, down 8% from $39.2m, 57 cents, in the corresponding quarter last year. The company said it had absorbed the impact of shifting to selling spirits directly to retailers in the UK, its second largest market, during the first quarter. In May, the company announced it would be selling spirits directly from the beginning of August via a joint venture with Bacardi. It said the initiative, which brought a previous distribution deal with Diageo to a close, reduced first-quarter earnings by about 13 cents, largely due to a change in the way it booked revenue.

Related Content

Brown-Forman fiscal-2018 results - Preview

Brown-Forman fiscal-2018 results - Preview...

Brown-Forman YTD fiscal-2018 - results data

Brown-Forman YTD fiscal-2018 - results data...

Brown-Forman Q3 fiscal-2018 results - Preview

Brown-Forman Q3 fiscal-2018 results - Preview...

Brown-Forman fiscal-2018 - results data

Brown-Forman fiscal-2018 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?