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Brown-Forman, the maker of Jack Daniel's, saw its stock rise by 2.8% after reporting a profit beat for the fourth quarter. The company attributed the positive earnings to price hikes on its premium whiskey and tequila products. Despite the profit beat, Brown-Forman's revenue fell short of estimates, leading to a subsequent 6% drop in its stock price. However, the shares rebounded by 3% at open the following morning. The company also guided for organic sales and margin improvement.
A good night's sleep helps put things into perspective Brown Forman $BF.B shares fell 6% after yesterday but are now up 3% at open, with no new information (Rémy Cointreau $RCO had FY24 results this morning, but they were essentially known since Apr sales update) https://t.co/ucNIJUQwEp
A good night's sleep helps put things into perspective Brown Forman $BF.B shares fell 6% after yesterday but are now up 3% at open * (* Rémy Cointreau $RCO had FY24 results this morning, but they were essentially known since Apr sales update) https://t.co/D4xJNXTHv3
J.M. Smucker’s stock rallies after a profit beat, as improving gross margins helped offset a sales miss https://t.co/ddaBFVohBD