Demand for Brown Spirits Drives B-F to 4% Growth in F2014

Dear Client:Although some of its competitors' performances have been hit by the slowing of emerging markets, Brown-Forman managed to deliver healthy 6% global sales growth for its fiscal 2014, ended April 30. "Simply put, we had a terrific year thanks to the balanced geographic delivery of growth from our leading portfolio of American whiskey brands," said Jane Morreau, B-F's cfo, in its earnings call this morning. In the US, B-F's sales grew 4% for its fiscal year driven "almost entirely"