Brown-Forman misses first-quarter sales estimates; demand seen softer
Brown-Forman missed first-quarter sales estimates, reporting quarterly sales decline of 1% to $91… Softer demand is attributed to inflation-hit consumers pulling back and younger drinkers moderating alcohol consumption.
Jack Daniel's maker Brown-Forman NYSE:BF.A missed first-quarter sales estimates on Wednesday, pointing to softer demand as inflation-hit consumers pull back on expensive spirits and younger generations increasingly moderate alcohol consumption.The company posted quarterly sales decline of 1% to $91…