Brown-Forman (BF-B) Tops Q2 EPS by 7c, Offers FY Guidance

Brown-Forman (NYSE: BF-B) reported Q2 EPS of $0.59, $0.07 better than the analyst estimate of $0.52. Revenue for the quarter came in at $989 million versus the consensus estimate of $974.75 million.

GUIDANCE:

Brown-Forman sees FY2020 EPS of $1.75-$1.85, versus the consensus of $1.79.

• The company reaffirmed its full year fiscal 2020 guidance for underlying net sales growth and diluted earnings per share. As a result of the uncertainty in the current economic and geopolitical environment in certain emerging markets and the Travel Retail channel as well as higher input costs, the company modestly reduced its underlying operating income growth range by one percentage point.
• Underlying net sales growth of 5% to 7%
• Underlying operating income growth of 2% to 4%
• Diluted earnings per share of $1.75 to $1.85

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

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