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BRIEF-Brown-Forman Reports Q1 EPS Of $0.40

reuters.com · 09/01/2021 07:50
BRIEF-Brown-Forman Reports Q1 EPS Of $0.40

- Brown-Forman Corp 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

  • 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

Source text for Eikon: ID:nBw1tf6dPa

Further company coverage: BF B


((Reuters.Briefs@thomsonreuters.com;))