Brown-Forman (BF-A) Reports In-Line Q4 EPS

Brown-Forman (NYSE: BF-A) reported Q4 EPS of $0.66, in-line with the analyst estimate of $0.66. Revenue for the quarter came in at $947 million versus the consensus estimate of $918.5 million.

In fiscal 2016, the company expects 6% to 7% growth in underlying net sales, driven by the continued global expansion of the Jack Daniel’s trademark, including Jack Daniel’s Tennessee Whiskey and Jack Daniel’s Tennessee Honey, as well as the roll-out of Jack Daniel’s Tennessee Fire in the United States. The company also expects Woodford Reserve, Herradura, and Old Forester to contribute to full year sales growth.

Brown-Forman sees FY2016 EPS of $3.40 - $3.60, versus the consensus of $3.46.

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

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