Brown-Forman Reports Fiscal 2017 Results; Expects Stronger Trends to Continue in Fiscal 2018
Louisville, KY, June 7, 2017 – Brown-Forman Corporation (NYSE:BFA, BFB) reported financial results for its fourth quarter and fiscal year ended April 30, 2017. For the fourth quarter, the company’s reported net sales1 declined 5% to $694 million (+4% on an underlying basis2). Reported operating income declined 71% in the fourth quarter to $212 million…