Brown-Forman's first-quarter sales fell short of expectations, yet the company reaffirmed its annual financial goals. Economic worries from inflation and job market uncertainties are curbing consumer spending on alcohol, stabilizing whiskey sales while ready-to-drink products thrived. Similarly, competitor Pernod Ricard reported weakened demand in critical global markets. After releasing this information, Brown-Forman's shares experienced a modest bump.
Markets
1 views
Jack Daniel's maker misses sales estimates on weak consumer spending
Brown-Forman's first-quarter sales fell short of expectations, yet the company reaffirmed its annual financial goals. Economic worries from inflation and job market uncertainties are curbing consumer spending on…
Brown-Forman's first-quarter sales fell short of expectations, yet the company reaffirmed its annual financial goals. Economic worries from inflation and job market uncertainties are.
Economictimes Verified Source
Syndicated via official news feed
Explore all Markets stories
Syndicated feed content with full publisher credit.
Markets Desk
More in Markets
Continue reading verified coverage and related developments on this desk.
More from Markets
Latest developments and reports from the desk
MARKETS
Dear Brits, please save more
The UK, like many countries, faces a major pensions shortfall
MARKETS
EU enters winter with lowest gas stocks on record
Situation could become ‘problematic’, warns gas storage group head
MARKETS
S&P 500 Analysis: Bonds Repriced, Equities Barely Moved
S&P 500 Analysis: Bonds Repriced, Equities Barely Moved