Brown-Forman Reports Mixed Quarterly Results and Updates Fiscal Year 2024 Outlook
Wednesday, 6 March 2024, 13:11
Brown-Forman Q3 Results Overview
Brown-Forman press release (BF.B) reveals mixed performance in its third-quarter results. The company's GAAP EPS exceeded expectations, indicating solid profitability.
Financial Metrics
- Revenue stood at $1.07B, showing a 1.0% decrease year-over-year, missing estimates by $50M.
- The decline was 2% on an organic basis, reflecting ongoing challenges.
The latest updates on the fiscal 2024 outlook suggest potential adjustments in the company's operational strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.