Jack Daniel's Parent Brown-Forman Warns First-Quarter Margin May Be the Year’s High Point
Brown-Forman Q1 sales slip to $911M missing estimates, but RTD brand growth and margin expansion lift shares 4%. Full analysis inside.
Brown-Forman's sales didn't meet what people hoped for, but their profit margin (money left after costs) got better and their ready-to-drink brands are growing—though they're saying margins might not get better from here. Watch if their newer products keep growing, since that's what's helping them right now.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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