Brown-Forman Corporation Missed Q2 Results, But Raised 2022 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/BF-B'>Brown-Forman Corporation (NYSE:BF-B) </a>reported its Q2 results today, which came in below the Street expectations. Quarterly EPS was $0.49, missing the consensus estimate of $0.54.</p>
<p>Despite the miss, the company raised its full 2022-year outlook to high-single-digit growth year-over-year from mid-single-digit for both underlying net sales and underlying operating income. </p>
<p>Reported gross margin guidance was maintained at flat to slight decline year-over-year as the withdrawal of EU tariffs on American whiskey from 1 January is expected to be offset by supply chain disruptions, higher commodity costs and higher transportation costs.</p>

NYSE:BF-B