Jack Daniel's Parent Brown-Forman Keeps Outlook Steady While Flagging Market Pressures

Brown Forman Inc. (NYSE:BF) (NYSE:BF), the parent of Jack Daniel’s whiskey, Old Foster and other popular brands, saw its stock drop Thursday after it reported a weaker-than-expected first-quarter fiscal 2025.

The Louisville-based distiller reported first-quarter earnings per share of 36 cents, missing the analyst consensus estimate of 37 cents.

Quarterly sales of $924 million (down 3% year over year) outpaced the Street view of $914.464 million.

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The decline in net sales was driven by the absence of the prior-year transition services agreement (TSA) related to Sonoma‑Cutrer.

Net sales growth in emerging markets and the travel retail channel was offset by declines in the U.S. and developed international markets.

Sales of Brown-Forman’s core whiskey portfolio were flat, with new product launches providing only partial support. Strong shipments of Jack ...