Brown-Forman (maker of Jack Daniel's) reports rise in 2Q earnings

[Zenlitened]

Source: Associated Press

LOUISVILLE, Ky. — Brown-Forman Corp. said Friday its second-quarter profit rose 11 percent on gains by its Jack Daniel's Tennessee Whiskey and Finlandia vodka brands.

The liquor company also raised its full-year earnings projection due to a predicted net gain from the expected sale of its Bolla and Fontana Candida wine brands.
(snip)

Company CEO Paul Varga said Friday he was pleased with the first-half showing in a challenging economy.

He called it "a testimony to the stability of our company, the strength and resiliency of our brands ... and the quality of our cash flows and balance sheet."


Read more: http://www.google.com/hostednews/ap/article/ALeqM5hZpIN...

[kenny blankenship]

1. A rising tide of misery scuttles all ships.

That's the testimony I read there.

[montanto]

2. Why can't they just be honest?

J.D.: "Tens of thousands are losing their jobs each month, despair has replaced hope for many, and the only comfort they have in this economic debacle is a good, stiff drink. No reflection on our strength or our plan, just a sign of the times."

[Historic NY]

3. Drowning the misery.

[robcon]

4. Operating earnings only up 4%

They sold the Bolla brand of wine, which accounted for most of the growth in earnings.

[Bake]

5. It's obviously because Bush has started drinking again.

That explains it all.

But I'm doing my part as well.

Bake

[BunkerHill24]

6. Scent of a Woman quote:

Charlie Simms(Chris O'Donnell): Don't you mean Jack Daniels?

Lt. Col. Frank Slade (Al Pacino): He may be Jack to you son, but when you've known him as long as I have... that's a joke.




Great movie!

[maseman]

7. Well I certainly helped ol JD

Those Jack and Cokes go down very well.

[TheCowsCameHome]

8. IdiotSon stocking up his new digs in Dallas probably helped, too.