FILE PHOTO – A bottle of Jack Daniel’s Tennessee whiskey is seen on a shelf at the Vin Place wine and liquors store in Beijing, China April 10, 2018. REUTERS/Damir Sagolj
June 6, 2018
(Reuters) – Spirit and wine company Brown-Forman Corp <BFb.N> <BFa.N> reported a 5.6 percent rise in quarterly sales on Wednesday, helped by higher demand for its signature Tennessee whiskeys.
Net income for the Jack Daniel’s whiskey maker fell to $110 million, or 23 cents per share, in the fourth quarter ended April 30, from $144 million, or 30 cents per share, a year earlier.
Net sales rose to $733 million from $694 million.
(Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)
