Brown-Forman Assesses First Quarter Price Increases

Dear Client:In the first quarter of Brown-Forman's fiscal 2013 it grew underlying sales 10% to $878 million, driven by the continued strength of Jack Daniel's in conjunction with improving results from premium brands. The company's price/mix, which has previously lagged below the market, contributed 1% to growth. "The business is performing well and we believe we are on the way towards better balance revenue growth through our price increases," said cfo Don Berg. BRAND PERFORMANCE: Worldwide, Jack Daniel's continued strong