Brown-Forman Corp. Reports Q4 $0.62 v $0.59e, R$689M (ex excise taxes) v $703Me
- Guides initial FY15 $3.25-3.45 v $3.29e, Expects 6-8% growth in reported and underlying net sales, driven by the continued global expansion of the Jack Daniels trademark, including both Tennessee Whiskey and Tennessee Honey.
- Outlook: company expects to continue investing in its long-term growth, driven by A&P increases slightly ahead of net sales growth and SG&A increases slightly below net sales growth in fiscal 2015.
- CEO: I believe that our leadership position in premium American whiskey, led by the one and only Jack Daniels trademark, and a very balanced geographic contribution, underpin the companys differentiated performance. We remain optimistic about the organic growth prospects for Brown-Forman, and our investment posture and fiscal 2015 earnings outlook reflect that optimism.