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-0.0117065336826979 -0.0117065336826979 -0.00536725551517196 0.00688868227537841 0.010480939903643 -0.00811427605443313 -0.0133970078607048 -0.0188910489392274
Stock impact report

Brown-Forman Reports Solid First Half Results in Fiscal 2019; Confirms Full Year Outlook

Brown Forman Inc Class A (BF.A) 
Company Research Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) reported results for its second quarter and the first half of fiscal 2019, ended October 31, 2018. For the second quarter, the company’s reported net sales were flat1 at $910 million (+3% on an underlying2 basis) compared to the same prior-year period. The company estimates that second quarter’s underlying net sales growth was negatively impacted by approximately two percentage points primarily due to tariff-related inventory reductions (giveback) associated with the first quarter’s tariff-driven buy-ins. In the quarter, reported operating income decreased 5% to $332 million (flat on an underlying basis) and diluted earnings per share grew 4% to $0.52. For the first six months of the fiscal year, the company’s reported net sales increased 2% to $1,676 million (+5% on an underlying basis). Reported net sales growth was neg Show less Read more
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