Brown-Forman (BF-A) Reports Q3 EPS of $0.48, Offers Guidance

Brown-Forman (NYSE: BF-A) reported Q3 EPS of $0.48, versus $0.47 reported last year. Revenue for the quarter came in at $899 million, versus $904 thousand reported last year.

GUIDANCE:

Brown-Forman sees FY2020 EPS of $1.75-$1.80.

• The company revised the full-year outlook to reflect tempered expectations in some of its international markets reflecting both short-term disruptions and an increasingly uncertain global economic and geopolitical environment. This outlook also includes an estimated impact of COVID-19 (coronavirus).
• Low-single digit underlying net sales growth
• Flat to modest decline in underlying operating income
• Diluted earnings per share of $1.75 to $1.80

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

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