Edition:
India

Brown-Forman Reports Q4 Earnings Per Share $0.33


Wednesday, 5 Jun 2019 

June 5 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS SOLID FISCAL 2019 RESULTS; PROVIDES SUSTAINED SALES GROWTH OUTLOOK FOR FISCAL 2020.Q4 EARNINGS PER SHARE $0.33.Q4 SALES $744 MILLION VERSUS REFINITIV IBES ESTIMATE OF $760.5 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.SEES 2020 UNDERLYING NET SALES GROWTH OF 5% TO 7%..SEES 2020 DILUTED EARNINGS PER SHARE OF $1.75 TO $1.85..ESTIMATES THAT NET SALES GROWTH IN Q4, FY WERE NEGATIVELY IMPACTED BY ONE PERCENTAGE POINT DUE TO TARIFF-RELATED LOWER NET PRICES.ASSUMING TARIFFS REMAIN IN PLACE FOR ALL OF FISCAL 2020.BROWN-FORMAN - TARIFFS, HIGHER INPUT COSTS WILL NEGATIVELY IMPACT GROSS MARGINS THIS YEAR.IN QUARTER, DELIVERED SOLID UNDERLYING NET SALES GROWTH OF 6% AFTER CONSIDERING ONE POINT DRAG DUE TO TARIFF-RELATED PRICE REDUCTIONS.BELIEVE ON TRACK TO RETURN TO HIGH SINGLE DIGIT OPERATING INCOME GROWTH AS WE MOVE BEYOND FISCAL 2020.BROWN-FORMAN-COMPETITIVE LANDSCAPE IN WORLD REMAINS INTENSE, RETALIATORY TARIFFS ON AMERICAN WHISKEY CREATED MORE UNCERTAINTY AROUND NEAR-TERM OUTLOOK.FY2020 EARNINGS PER SHARE VIEW $1.81 -- REFINITIV IBES DATA.BROWN-FORMAN - FISCAL 2019 JACK DANIEL'S FAMILY OF BRANDS GREW UNDERLYING NET SALES 4% GLOBALLY, WAS NEGATIVELY IMPACTED BY ABOUT 1% POINT DUE TO TARIFFS. 

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20 Nov 2019