Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brown Forman announced earnings per share of $0.31 on revenue of $996M. Analysts polled by Investing.com anticipated EPS of $0.2709 on revenue of $832.23M.
Brown Forman shares are down 4% from the beginning of the year and are trading at $69.51 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.85% from the start of the year.
Brown Forman shares gained 5.35% in intra-day trade the report.
Brown Forman follows other major Consumer Staples sector earnings this month
Brown Forman's report follows an earnings missed by Walmart on Tuesday, May 17, 2022, who reported EPS of $1.3 on revenue of $141.57B, compared to forecasts EPS of $1.48 on revenue of $138.8B.
Costco had matched expectations on Thursday, May 26, 2022 with second quarter EPS of $3.04 on revenue of $52.6B, compared to forecast for EPS of $3.04 on revenue of $51.56B.
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