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Brown-Forman earnings advance in Q4

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Christian Fernsby |
Brown-Forman
Brown-Forman   The company's earnings totaled $159 million, or $0.33 per share

Brown-Forman revealed a profit for its fourth quarter that advanced from the same period last year.


The company's earnings totaled $159 million, or $0.33 per share. This compares with $110 million, or $0.23 per share, in last year's fourth quarter.

The company's revenue for the quarter rose 1.5% to $744 million from $733 million last year.

While reporting financial results for the fourth quarter Brown-Forman provided earnings and underlying net sales outlook for the full-year 2020.

For fiscal 2020, the company projects earnings in a range of $1.75 to $1.85 per share on underlying net sales growth of 5 to 7 percent.


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