Brown-Forman CEO Says US Business Gradually Improving, Reaffirms Annual Outlook
BF-B Brown-Forman Corp
$27.38 +3.87%
View chart & analysis → - 1Brown-Forman (BF-B) outgoing CEO Lawson Whiting said the company's US business is gradually improving.
- 2For the fiscal first quarter ended July 31, net sales fell 1% to $911 million, and the company reaffirmed its outlook for a 3-5% decline in annual organic operating profit.
- 3CFO Jim Peters said that based on first-quarter results and business trends, confidence has grown that results will come in at the favorable end of the guidance range.
This 3-line summary is compiled from the report below.
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