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Consumer Goods | Beverages - Wineries & Distillers | USA
Jack Daniel's Maker Brown-Forman Stumbles After Earnings
Brown-Forman says 'retaliatory tariffs' and competition to cloud outlook for full fiscal 2019.
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The company posted earnings per share of 47 cents for the third quarter -- up 20% from the same time last year and ahead of analysts' expectations.
But net sales only increased by 3% from a year earlier to $904 million. Brown-Forman said third-quarter sales were hurt by a percentage point because of lower net prices to distributors in certain markets used to offset tariffs.
Operating income rose 4% to $320 million.
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https://www.thestreet.com/lifestyle/food...yptr=yahoo
![[Bild: BF-Ac1dl1500.png]](https://finviz.com/publish/030619/BF-Ac1dl1500.png)
Jack Daniel's Maker Brown-Forman Stumbles After Earnings
Brown-Forman says 'retaliatory tariffs' and competition to cloud outlook for full fiscal 2019.
...
The company posted earnings per share of 47 cents for the third quarter -- up 20% from the same time last year and ahead of analysts' expectations.
But net sales only increased by 3% from a year earlier to $904 million. Brown-Forman said third-quarter sales were hurt by a percentage point because of lower net prices to distributors in certain markets used to offset tariffs.
Operating income rose 4% to $320 million.
...
https://www.thestreet.com/lifestyle/food...yptr=yahoo
