B-F Portfolio No Longer a “Leaky Bucket”

Dear Client:  Brown-Forman faced some tough headwinds in fiscal 2019 including tariffs and an increase in raw costs like agave and wood, but managed to end its fiscal year with underlying global net sales growth at 5%.  "So rather than remember fiscal 2019 as the year of tariffs, we changed the headline to be 2019 remembered as the year we continued to invest in momentum across the portfolio and we delivered balanced growth across many geographies and brands," said ceo