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Benzinga

Business

Nabaparna Bhattacharya

Jack Daniel's Parent Brown-Forman Keeps Outlook Steady While Flagging Market Pressures

@jack Jack Daniel BF BrownForman United States

Siofok,,Hungary.,July,08.,2024.,A,Bottle,Of,Jack,Daniels

Brown Forman Inc. (NYSE:BF) (NYSE:BF), the parent of Jack Daniel’s whiskey, Old Foster and other popular brands, saw its stock drop Thursday after it reported a weaker-than-expected first-quarter fiscal 2025.

The Louisville-based distiller reported first-quarter earnings per share of 36 cents, missing the analyst consensus estimate of 37 cents.

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