JACK DANIEL’S DISAPPOINTS IN THE U.S.

In all, it looks like Brown-Forman did well internationally but felt a squeeze in the U.S. during the second quarter for a number of reasons. The problem is two fold, the company said. One, growth of the U.S. spirits market is slowing, and two, B-F and Jack Daniel’s in particular are feeling the burn from mounting cost pressures and consumers trading down to cheaper spirits, beer and wine. Rising grain prices and other factors made costs for Jack Daniel’s grow