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


Wednesday, 6 Mar 2013 07:45am EST 

Brown-Forman Corp announced that for fiscal 2013, it expects earnings outlook to a range of $2.60-2.68 from $2.58-$2.70. This outlook incorporates a negative $0.05 impact in the fourth quarter of 2013, from the charges associated with the redemption of the Company's fiscal 2014 notes, as well as adverse foreign exchange moves. While uncertainty persists in the fragile global economy, the Company continues to expect high single-digit growth in underlying net sales and low double-digit growth in underlying operating income in fiscal 2013. The Company reported revenue of $3.6 billion and operating profit of $788 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.7 billion and EPS of $2.69 for fiscal 2013. 

Company Quote

93.07
0.32 +0.34%
19 Sep 2014