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Apr 30, 2022
Brown-Forman Q4 2022 Earnings Report
Brown-Forman reported strong financial results driven by net sales increase and operating income growth.
Key Takeaways
Brown-Forman reported a strong Q4 with net sales increasing by 23% to $996 million and diluted earnings per share increasing by 26% to $0.31. The company's performance was fueled by the resurgence of Jack Daniel's Tennessee Whiskey and broad-based growth across geographic clusters.
Reported net sales increased by 23% (+27% on an organic basis).
Reported operating income increased 46% (+62% on an organic basis).
Diluted earnings per share increased 26% to $0.31.
Jack Daniel’s Tennessee Whiskey experienced strong consumer demand.