Jack Daniels parent Brown-Forman slumps on dour annual forecasts
ReutersJun 5, 2025 1:32 PM
Shares of Brown-Forman BFb.N down about 18% at $27.27 in early trading
The Jack Daniels whiskey maker expects both organic net sales and organic operating income for fiscal 2026 to decline in the low single-digit percentage range
BFb posts a 1% and 3% rise in fiscal year 2025 organic net sales and organic operating income, respectively
Misses Wall Street estimates for quarterly sales and profit, amid soft consumer spending and tariff-related uncertainties
As of last close, stock down about 13% this year
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