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Brown-Forman Fiscal Q2 EPS Meets Street View, Misses on Revenue; Guides FY19 EPS In-Line with Street

Brown-Forman Corporation (BF.A, BF.B) reported early Wednesday financial results for fiscal Q2, with the alcohol manufacturer posting in-line earnings and revenue that fell short of analysts' estimates. The company also provided guidance for fiscal 2019, with an EPS outlook in-line with expectations.

The company, whose products include Jack Daniel's whiskey, posted earnings of $0.52 per share, compared with the prior-year period's $0.50 per share. Analysts polled by Capital IQ were expecting EPS of $0.52.

Revenue in the year ended Oct. 31 fell to $910 million from $914 million in the same quarter last year. The Street view was for revenue of $939.4 million.

The company continues to expect fiscal 2019 underlying net sales growth of 6% to 7%. It sees EPS of $1.65 to $1.75, versus the Street view of $1.70 EPS.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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