B-F Still Projecting Positive H2 Despite Potential Tariff Headwinds

Dear Client:   Brown-Forman's global net sales were up 3% on an organic basis for the second quarter of fiscal 2025, ended October. For the first half, organic net sales were flat, which the company attributed in large part to the recent Finlandia and Sonoma-Cutrer divestitures.  B-F chief Lawson Whiting added on this morning's earnings call that FX effect and the recently-shifted business model for Jack Daniel's Country Cocktails also negatively impacted net sales results for the half.  GLOBAL CATEGORY