Brown-Forman (BF.B) Misses on Q2 Earnings, View Reiterated
Brown-Forman Corporation BF.B , the world’s leading producer and distributor of premium alcoholic beverages, came out with second-quarter fiscal 2016 results, wherein adjusted earnings of 97 cents a share missed the Zacks Consensus Estimate of $1.00, and remained flat year over year. 2016 Outlook Intact: Despite a mixed global economic outlook, the company continues to anticipate its strength across all regions to sustain in fiscal 2016 given the strength of its brands, where it still anticipates a 6% – 7% growth in underlying sales. Further, the company continues to project fiscal 2016 earnings per share in the range of $3.40–$3.60 […]