Brown-Forman (BF-A) Reports Q3 EPS of $0.47

Brown-Forman (NYSE: BF-A) (NYSE: BF.B) reported Q3 EPS of $0.47, versus $0.48 reported last year. Revenue for the quarter came in at $808 thousand, versus $802.6 thousand reported last year.

GUIDANCE:

Brown-Forman sees FY2017 EPS of $1.71-$1.76, versus the consensus of $1.77.

Paul Varga, the company's Chief Executive Officer, said, "Against a continued challenging global backdrop for consumer staples, our third quarter underlying sales growth accelerated nicely relative to our first half. We expect our fourth quarter underlying sales to have a similar favorable comparison to the first half, though we now anticipate full year underlying results at the lower end of our original forecast." Varga continued, "We are pleased with the sequential organic sales improvement we've been witnessing and note that the drag on reported results due to 2016’s portfolio reshaping has begun to abate."

For earnings history and earnings-related data on Brown-Forman (BF-A) click here.

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