date:Jun 06, 2014
US-based spirits group Brown-Forman Corporation has increased net sales by 4% to $3.95 billion (up 6% on an underlying basis) and operating income by 8% to $971 million (11% on an underlying basis) for the year ended April 30, 2014. The growth in underlying net sales was fuelled by the strength of the companys premium whiskey portfolio, as well as broad-based geographic gains. Price/mix contributed three points to net sales growth and gross margin expanded 100bps.
The Jack Daniels family of bra