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@ Layer3.news
2025-03-07 02:10:36
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WHY IS JACK DANIEL'S PARENT BROWN-FORMAN STOCK TRADING HIGHER TODAY?
https://media.zenfs.com/en/Benzinga/6c4ecf6ba322eae55ae2fd8971e21aa5
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✍️ Brown-Forman Corp shares are trading higher after reporting a 3% decline in sales for the third quarter, missing analyst estimates, but beating EPS expectations.
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👉 Brown-Forman Corp reported a 3% decline in sales for the third quarter
👉 Sales missed analyst estimates of $1.08 billion, but EPS beat expectations
👉 Gross margin expanded by 40 basis points to 59.8%
👉 Operating margin contracted 780 basis points to 27.1%
👉 CEO Lawson Whiting expressed confidence in the company's ability to take advantage of growth opportunities
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#LawsonWhiting #business
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