LOUISVILLE, Ky. | Brown-Forman posts higher earnings in fiscal 2nd quarter

5Dec - by Editor - 0 - In STL.News



LOUISVILLE, Ky.— Liquor company Brown-Forman Corp. reported slightly higher second-quarter net income Wednesday on the strength of its American whiskey and tequila sales, but cautioned that it’s starting to feel the pinch from tariffs slapped on its spirits in key European markets.

The Louisville, Kentucky-based company — best known for its Jack Daniel’s Tennessee Whiskey brand — said tariff-related inventory reductions shaved an estimated 2 percentage points off its underlying net sales growth in the three-month period.

Continue reading LOUISVILLE, Ky. | Brown-Forman posts higher earnings in fiscal 2nd quarter at STL.News.



Source link