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 and are trading at $70.34 , down-from-52-week-high.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 the report.
Brown Forman follows other major Consumer Staples sector earnings this month
Brown Forman's report follows an earnings beat by Walmart on Tuesday, November 16, 2021, 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 Tuesday, November 23, 2021 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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