Brown-Forman Earnings: Everything You Must Know Now
Brown-Forman (NYSE:BF-B) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Brown-Forman Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 4.35% to $0.66 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Was the same at $896 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Brown-Forman reported adjusted EPS income of $0.66 per share. By that measure, the company missed the mean analyst estimate of $0.71. It beat the average revenue estimate of $864.24 million.
Quoting Management: Paul Varga, the company’s chief executive officer, said, “Our first quarter unfolded largely as anticipated, and we believe Brown-Forman remains on track to deliver the fiscal 2014 full year outlook we shared with you last quarter. We expect a stronger second quarter against last year’s soft comparables, when trade inventories came back into balance after the first quarter price increase buy-ins. We are confirming our full year growth outlook and remain encouraged by the global consumer’s continuing interest in premium whiskey.”
Key Stats (on next page)…