Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brown Forman announced earnings per share of $0.52 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $0.4661 on revenue of $978.28M.
Brown Forman shares are down 0% from the beginning of the year, still down 5.92% from its 52 week high of $78.15 set on August 17. They are outperforming the S&P 500 which is down 16.37% from the start of the year.
Brown Forman follows other major Consumer Staples sector earnings this month
Brown Forman's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on August 18 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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