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Brown-Forman reports excellent results in fiscal 2014
date:Jun 06, 2014
ls primarily due to the route-to-consumer change in France that occurred on January 1, 2014, but benefited from a lower effective tax rate.

For the fourth quarter, reported net sales increased 3% to $893 million (+3% on an underlying basis) and reported operating income increased 7% to $189 million (-2% on an underlying basis). Diluted earnings per share in the quarter increased 17% to $0.62, compared to $0.52 in the prior year period.

Paul Varga, the company's Chief Executive Officer said, We

12/24 18:42