BROWN-FORMAN POSTS SOLID GROWTH FOR Q-1

Almost all of B-F’s brands contributed to profit gains, but Jack Daniels especially helped drive volume growth and margin improvement for the company’s premium global portfolio in Q-1. Revenues and gross profit increased by 17% and 16% in the quarter, while operating income increased $7 million – up 5% from the previous year.Jack Daniels posted steady volume growth outside of the U.S. at a double-digit rate, but moderated in the U.S. to a low-single digit rate. Overall performances were still