Brown-Forman Corp. - Ordinary Shares - Class B

NYSE:BF.B  
65.79
-0.50 (-0.75%)
4:00:00 PM EDT: $65.70 -0.09 (-0.14%)
Positive Earnings Pre-Announcement

Brown-Forman Delivers Strong Net Sales Results And Raises Full Year Outlook

Published: 12/08/2021 12:40 GMT
(BF.B) - Brown-forman Delivers Strong Net Sales Results and Raises Full Year Outlook.
Quarterly Earnings per Share $0.49.
Q2 Sales Rose 1 Percent to $994 Million.
Confident in Our Growth Momentum and Have Revised Our Full Year Outlook From Mid-single Digit Growth to High-single Digit Growth.
Managing Through Impact of Supply Chain Disruptions, Including Glass Supply, and Have Deployed Number of Risk Mitigation Strategies.
Continue to Anticipate Quarterly Results Will Be Volatile for Remainder of Fiscal 2022.
Expect High-single Digit Underlying Operating Income Growth for Full Year.
Continue to Expect Gross Margin to Be Flat Or Slightly Down for Full Year Compared to Fiscal 2021.
Outlook Reflects Modest Positive Impact of January 1, 2022 Suspension of Tariffs on American Whiskey Exports to European Union.
Q2 Earnings per Share View $0.53, Revenue View $1.05 Billion -- Refinitiv Ibes Data (analyst estimates).
Revised Full Year Net Sales Outlook From Mid-single Digit Growth to High-single Digit Growth.
FY Earnings per Share View $1.71, Revenue View $3.74 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $982.54 Million
Adjusted EPS is expected to be $0.48

Next Quarter Revenue Guidance is expected to be $824.28 Million
Next Quarter EPS Guidance is expected to be $0.29

More details on our Analysts Page.