Brown-forman delivers strong first quarter 2022 results

Louisville, ky.--(business wire)--brown-forman corporation (nyse: bfa, bfb) reported financial results for its first quarter of fiscal 2022 with net sales of $906 million increasing 20%1 (+18% on an underlying basis2) compared to the same prior-year period. in the quarter, operating income decreased 25% to $289 million (+15% on an underlying basis) and diluted earnings per share declined 41% to $0.40 due to the gain from the sale of the canadian mist, early times, and collingwood brands in the
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