Brown-Forman Shares Up 4 percent Following Q4 Results

Brown-Forman Corporation (NYSE:BF-B) shares closed nearly 4% higher on Wednesday following the company’s reported Q4 results, with revenue of $996 million, compared to $812 million in Q4/21. EPS came in at $0.40, beating the Street estimate of $0.27.
The company delivered Q4 organic growth of 27%, 150 bps of year-over-year gross margin expansion, and 77% EBIT growth. Additionally, the company’s productivity/tight control of overhead spending generated notable operating leverage. The company expects continued growth in 2023 despite global macroeconomic and geopolitical issues.

Follow us on Google news for more updates and News

Full Disclaimer



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.