[BND] BREAKING: Brown-Forman 1Q Sales Up 3%, Net Slides 7%
Brown-Forman Corp. reports fiscal first quarter net sales increasing 3% to $1 billion (+2% on an organic basis). In the quarter, reported operating income decreased 4% to $327 million (-6% on an organic basis) and ne income fell 7% to $231 million as did diluted earnings per share, which decreased