Jack Daniel's maker Brown-Forman rises after reaffirming annual forecast

Brown-Forman shares BFb.N jump 9.3% to $35.74 in early trading

Jack Daniel's maker keeps unchanged fiscal 2025 forecast for net sales growth in the range of 2% to 4%

CEO Lawson Whiting notes "continued uncertainty and headwinds in the external environment" but says confident of the company's trajectory

"I think many were expecting them to lower their prior full-year guidance, so the fact they maintained the guidance has investors breathing a sigh of relief," CFRA analyst Garrett Nelson says

BFb did not specify if it was accounting for the impact from U.S. tariffs, but said the outlook was based on "currently known factors"

Co misses net sales estimates, posts 3% drop to $1.04 billion vs average estimates of $1.07 billion - LSEG data

Stock fell about 33% in 2024