Brown-Forman's Q2 Results: Profit Surge, Stock Slump

Brown-Forman, the company behind Jack Daniels, reported a Q2 profit of $224M, or $0.47 per share, with total revenue of $1.04B. Despite these figures, the companys stock has seen a 22% decline this year and 28% over the past year, reflecting market conditions and competitive pressures. Investors await future reports to see how trends evolve and the companys strategies to address the market landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.