Brown-Forman Reports Earnings

Jack Daniel's earnings drop 71 percent per share.
Photo courtesy of Jack Daniels

In other news, Brown-Forman released its fourth quarter and Fiscal 2017 results and they were disappointing to say the least. The Jack Daniel’s maker’s earnings per share dropped 71 percent to $0.38 a share in the three-months ending April 30, 2017. That is down from $1.30 for the same period last year and missed an already lowered analysts’ consensus of $0.41 a share.

For the full year, net sales dropped 3 percent to $2.994 million. The Louisville, KY company blamed foreign exchange, inventory changes, acquisitions and divestitures for the poor performance.

Published on June 7, 2017
Topics: Brown-Forman
About the Author
Leslie Gevirtz
Contributing Editor, Business

An award-winning journalist, Gevirtz spent more than 20 years covering disasters—natural, political, and financial—before becoming Reuters’ wine correspondent; a beat that guaranteed her colleagues were always glad to see her.

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