Brown-Forman Corp. - Ordinary Shares - Class B

NYSE:BF.B   1:01:54 PM EDT
-0.97 (-1.42%)
Other Pre-Announcement

Brown-Forman Reports Q1 EPS Of $0.40

Published: 09/01/2021 11:56 GMT
(BF.B) - Brown-forman Delivers Strong First Quarter 2022 Results.
Q1 Earnings per Share $0.40.
Q1 Sales $906 Million Versus Refinitiv Ibes Estimate of $827.7 Million.
Q1 Earnings per Share Estimate $0.39 -- Refinitiv Ibes Data (analyst estimates).
Brown-forman - Still Anticipate Mid-single Digit Growth in Underlying Net Sales, Underlying Operating Expenses, & Underlying Operating Income for 2022.
Qtrly Jack Daniel's Family of Brands Net Sales Grew 20% (+16% Underlying).
Qtrly Premium Bourbons Grew Net Sales 34% (+36% Underlying).
Qtrly Tequila Portfolio Grew Net Sales 32% (+23% Underlying).
Brown-forman - Due to Volatility, Uncertainty, Including Recent Covid-19 Trends and Supply Chain Disruptions, Revised Some of Fiscal 2022 Expectations.
Believe Impact From Disruptions Will Become Less Significant in Second Half of Year.
Expect a More Significant Unfavorable Impact From Supply Chain Disruptions and Higher Input Costs.