Summary Box: Brown-Forman reports 4th-qtr results

AP News
Posted: Jun 09, 2011 10:07 AM
Summary Box: Brown-Forman reports 4th-qtr results

THE RESULTS: Fourth-quarter net income at Brown-Forman Corp. more than doubled as the company closed on the sale of its California-based Fetzer Vineyards to a Chilean wine producer. Strong international sales for such brands as its flagship Jack Daniel's products also contributed.

JACK DANIEL'S, EL JIMADOR: The Jack Daniel's brands posted an 8 percent gain in revenue for the full fiscal year, on a constant currency basis. Another brand with momentum is el Jimador tequila with a 9 percent gain in yearlong revenue.

WHAT'S AHEAD: The company predicted earnings of between $3.45 and $3.85 per share in the coming year.