Brown-Forman (BF-A) Reports Q1 EPS of $0.67

Brown-Forman (NYSE: BF-A) reported Q1 EPS of $0.67, versus $0.39 reported last year. Revenue for the quarter came in at $753 million, versus $766 million reported last year.

Fiscal Year 2021 Outlook:

The company continues to face substantial uncertainty due to the rapidly evolving environment with the COVID-19 pandemic and its effect on the global economy. As a result of this ongoing uncertainty and expected volatility, the company remains unable to provide quantitative guidance for fiscal year 2021. Jane Morreau, Executive Vice President and Chief Financial Officer, added, “We believe that we continue to be in a strong financial position and that our capacity to generate solid operating cash flows remain sound, allowing us to navigate this pandemic as circumstances evolve.” As a result, the company maintains expectations to fully fund ongoing investments in the business and pay regular dividends. “Longer term, we are confident about the growth opportunities for our brands and the resilience of our business. We believe the actions we have taken solidify our foundation to continue to grow consistently as we have done for decades,” added Lawson Whiting, President and Chief Executive Officer.

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

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