logo
  

Brown-Forman Backs FY22 Sales Growth Outlook - Quick Facts

While reporting financial results for the first quarter on Wednesday, Brown-Forman Corp. (BFA,BFB) said it still anticipates mid-single digit growth in underlying net sales and operating income for the full-year 2022.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.74 per share on net sales growth of 7.6 percent to $3.72 billion for the year. Analysts' estimates typically exclude special items.

"While we are optimistic the operating environment will continue to improve, we are closely monitoring the potential volatility associated with the evolving pandemic and continued supply chain disruptions. Backed by the strength of our brands and our people, we are confident in our ability to manage our business for the long term," said Lawson Whiting, President and CEO.

On July 22, 2021, Brown-Forman declared a regular quarterly cash dividend of $0.1795 per share on the Class A and Class B common stock, payable on October 1, 2021, to stockholders of record on September 3, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sandoz, Inc., an unit of Novartis AG, is recalling one lot of deep vein thrombosis (DVT) medication Enoxaparin Sodium in the form of injection for the potential exposure to high temperatures that may have impacted product effectiveness, the U.S. Food and Drug Administration or FDA said in a statement. Livia Global, Inc., a health and wellness company, is recalling two lots of its Liviaone liquid probiotics citing the possibility of contamination by Pseudomonas aeruginosa, the U.S. Food and Drug Administration said. Pseudomonas aeruginosa is a microorganism found in the environment that, if ingested, can cause life-threatening infection in immunocompromised individuals. United Airlines operated Thursday the first ever passenger flight using 100% Sustainable Aviation Fuel or SAF as part of its efforts to combat climate change. The airline flew the green flight from Chicago's O'Hare International Airport or ORD to Washington, D.C.'s Reagan National Airport or DCA with more than 100 passengers.
RELATED NEWS
Follow RTT