B-F Chief: Cyclical Changes, Not Structural, Impacting US Spirits Market

Dear Client:   The 2024 Barclays Global Consumer Staples Conference continued today, with Brown-Forman chief Lawson Whiting and cfo Leanne Cunningham taking the stage this afternoon. Below are some highlights from the wide-ranging conversation. CYCLICAL CHANGES, NOT STRUCTURAL. This time last year the US spirits market was up 5.7%, and that dropped to 0% by Christmas, "and it caught everyone by surprise quite a bit," said Lawson. "That was a challenging time and the subsequent quarters after that were obviously