Core Jack Daniel’s Drives B-F’s Q3 Results thanks to Prioritization Strategy

Dear Client:   Brown-Forman's business accelerated in Q3 due to the gradual reopening of the on-premise, return of travel, and favorable comps. Global net sales were up 22% on an organic basis for the third quarter ended January 31, bringing organic net sales growth up 14% for the first nine months of the fiscal year.   Quick note, B-F will no longer report "underlying changes" in certain measures; instead, they'll report "organic change," which is largely consistent with the rest of