Brown-Forman Forecasts Stagnant Growth Amid Broader Spirits Industry Decline
Brown-Forman, the Louisville-based distiller behind Jack Daniel’s, reported a modest revenue increase for the fiscal fourth quarter but cautioned investors on Wednesday that the company expects flat sales for the upcoming fiscal year. The forecast reflects significant headwinds currently battering the global spirits industry, as consumer spending habits shift and post-pandemic demand softens across key…
