Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Brown Forman announced earnings per share of $0.49 on revenue of $994M. Analysts polled by Investing.com anticipated EPS of $0.5259 on revenue of $1.05B.
Brown Forman shares are down 11% from the beginning of the year, still down 13.77% from its 52 week high of $81.57 set on June 4. They are under-performing the S&P 500 which is up 24.84% from the start of the year.
Brown Forman shares lost 2.91% in intra-day trade following the report.
Brown Forman follows other major Consumer Staples sector earnings this month
Brown Forman's report follows an earnings beat by Walmart on November 16, who reported EPS of $1.45 on revenue of $140.53B, compared to forecasts EPS of $1.4 on revenue of $135.43B.
Alimentation Couchen A had missed expectations on November 23 with second quarter EPS of $0.65 on revenue of $14.22B, compared to forecast for EPS of $0.67 on revenue of $11,248M.
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