Brown-Forman Reports First quarter Results
Louisville, KY, August 31, 2016 – Brown-Forman Corporation (NYSE:BFA, BFB) reported financial results for its first quarter ended July 31, 2016. The company’s reported net sales1, excluding excise taxes, declined 5% to $661 million (+2% on an underlying basis2). Reported net sales growth was adversely impacted by two percentage points due to foreign exchange and…