Brown-Forman Earnings: Everything You Must Know Now

Brown-Forman (NYSE:BF-B) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Brown-Forman Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 4.35% to $0.66 in the quarter versus EPS of $0.69 in the year-earlier quarter.

Revenue: Was the same at $896 million as the year-earlier quarter.

Actual vs. Wall St. Expectations: Brown-Forman reported adjusted EPS income of $0.66 per share. By that measure, the company missed the mean analyst estimate of $0.71. It beat the average revenue estimate of $864.24 million.

Quoting Management: Paul Varga, the company’s chief executive officer, said, “Our first quarter unfolded largely as anticipated, and we believe Brown-Forman remains on track to deliver the fiscal 2014 full year outlook we shared with you last quarter. We expect a stronger second quarter against last year’s soft comparables, when trade inventories came back into balance after the first quarter price increase buy-ins. We are confirming our full year growth outlook and remain encouraged by the global consumer’s continuing interest in premium whiskey.”

Key Stats (on next page)…

EPS increased 46.67% from $0.45 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.90 to a profit $0.89. For the current year, the average estimate has moved down from a profit of $2.98 to a profit of $2.97 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]