Brown-Forman BF.A net sales down 1% as Ready-to-Drink grows
BF.A net sales fell 1% year-over-year, citing the end of the Korbel relationship and lower used barrel sales. Ready-to-Drink and Emerging markets grew; gross margin expanded, EPS rose 6%, and free cash flow increased to $161M.
Net sales declined 1% year-over-year due to the end of the Korbel relationship and lower used barrel sales, but Ready-to-Drink products and Emerging markets showed strong growth.
Gross margin expanded, EPS rose 6%, and free cash flow increased to $161M.Original document: Brown Forman Inc [BF.A] Sli…