Whiskey Jack Daniels' parent company Brown-Forman's quarterly results fell short of expectations, with stock price dropping 17%
Whiskey brand Jack Daniels' parent company Brown-Forman (BF.B.US) announced that sales in the fourth quarter fell by approximately 7% to $890 million, below analysts' expectations of $968 million. The stock price dropped more than 17% on Thursday.
The company also expects that for the entire fiscal year ending in April 2026, organic net sales, excluding factors such as currency fluctuations, will see a low single-digit decline
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