Brown-Forman First Quarter Earnings Per Share Down 5%; Excluding Non-Cash Agave Charge, Earnings Per Share Grows 12%
Louisville, KY, August 28, 2008 – Brown-Forman Corporation reported earnings per share decreased 5% to $0.73 and operating income decreased 10% to $141 million for the company’s first quarter of fiscal 2009. This decline was due to a $22 million pre-tax ($16 million after-tax) non-cash charge related to an abnormal number of agave plants identified…