Brown-Forman's (BF.B) Q3 results reflect gains from a strong top line on strength in its brands, premiumization and growth across regions. Soft operating income hurt the bottom line.
Brown-Forman B (BF.B) delivered earnings and revenue surprises of 0% and 6.55%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
Brown-Forman's (BF.B) Q3 results are expected to reflect the strength in its brand portfolio, strong consumer demand and easing supply constraints. Higher costs are likely to have dented the bottom line.