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Brown-Forman Corp Raises FY 2013 EPS Guidance; Reaffirms FY 2013 Guidance


Wednesday, 5 Dec 2012 07:45am EST 

Brown-Forman Corp announced that it is raising its fiscal 2013 earnings outlook to $2.58 to $2.70 from $2.40 to $2.67. While there continues to be uncertainty in the global economy going into the important holiday selling season, the Company continues to expect high single-digit growth in underlying sales and has increased its expectations for operating income growth to low double digits. The Company reported operating income of $788 million and revenues of $3.6 billion in fiscal 2012. The Company reported operating income of $788 million and revenues of $3.6 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $3.8 billion, EBIT of $864 million and EPS of $2.66 for fiscal 2013. 

Company Quote

91.83
-0.68 -0.74%
4:05pm EDT