B-F H1 Results: “We have the Wind at our Back”

Dear Client: Earlier today we briefly reported on Brown-Forman's earnings for the company's first half ended October 31. Having listened to this morning's earnings call, we'll dig a bit more into the company's insights on the category and how B-F's brands are performing in comparison. OUTPERFORMING COMPETITORS: Many of the global public spirits companies have been negatively affected by a slowdown in emerging markets, but B-F chief Paul Varga is pleased with the company's 4% global sales growth for the