Jack Daniel's maker Brown-Forman misses quarterly sales estimates
02/09/2026 13:04
Jack Daniel's maker Brown-Forman misses quarterly sales estimates Sept 2 (Reuters) - Jack Daniel's maker Brown-Forman BFb.N missed first-quarter sales estimates on Wednesday, pointing to softer demand as inflation-hit consumers pull back on expensive spirits and younger generations increasingly moderate alcohol consumption.
The company posted quarterly sales decline of 1% to $911 million, compared with analysts' average estimate of $914.9 million, according to data compiled by LSEG.
(Reporting by Shania S Thomas in Bengaluru; Editing by Shilpi Majumdar)
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