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0.0307617973908841 0.0470285070059591 0.0392945723949107 0.0401836044451603 0.0397809631180544 0.039619906587212 0.0426799806732164 0.0433242067965856
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Brown-Forman Reports Strong First Half Results; Raises 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 financial results for its second quarter and the first half of fiscal 2018, ended October 31, 2017. For the second quarter, the company’s reported net sales1 increased 10% to $914 million (+8% on an underlying basis2) compared to the same prior-year period. Reported operating income increased 19% in the quarter to $346 million (+16% on an underlying basis) and diluted earnings per share of $0.62 increased 23%. For the first six months of the fiscal year, the company’s reported net sales increased 10% to $1,637 million (+7% on an underlying basis) compared to the same prior-year period. Reported net sales growth benefited by two percentage points from changes in distributor inventories and one percentage point of foreign exchange. Reported operating income increased 17% in the quarter to $590 million (+14% on a Show less Read more
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