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Brown-Forman posts higher 1st-quarter profit

2015-08-26 21:29:09| Food - Topix.net

Brown-Forman Corp., the producer of Jack Daniel's Tennessee Whiskey, said Wednesday that its first-quarter net income rose 4 percent, driven by sales growth across much of its spirits lineup to overcome a negative impact from foreign exchange. The company behind such other brands as Southern Comfort, Finlandia vodka and el Jimador tequila said foreign exchange had a 9 percentage point negative impact on its reported net sales growth.

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