June 4 (Reuters) – Whiskey maker Brown-Forman beat Wall Street estimates for fourth-quarter net sales on Thursday, helped by steady demand for its premium brands, including Jack Daniel’s whiskey, especially among affluent consumers.
The company posted sales of $912 million, beating the average of analysts’ estimates of $879.6 million, according to data compiled by LSEG.
This was the first quarterly report by Brown-Forman since the company rejected a roughly $15 billion approach from Sazerac and the collapse of separate merger discussions with France’s Pernod Ricard.
(Reporting by Koyena Das in Bengaluru; Editing by Leroy Leo)
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