Jack Daniels Maker Doing Awesome In This Economy

[meegbear]

It's not just a joke: People are really turning to drink in this economy. Brown Forman (BF) the maker of Jack Daniels and Finlandia Vodka reported an awesome quarter.

Brown-Forman Corporation reported that diluted earnings per share from continuing operations1 increased 13% to $0.94 and operating income increased 4% to $222 million for its fiscal 2009 second quarter. For the first six months of the fiscal year, diluted earnings per share increased 5% to $1.52, while operating income decreased 2% to $362 million. Adjusting for items in Schedule A of this press release, underlying2 operating income grew 5% for the second quarter and 4% for the first half of fiscal 2009.

Commenting on the first half, Paul Varga, chief executive officer said, “We are pleased with our results, particularly in the second quarter where we saw improvement during a challenging economic environment. We believe our first half performance is a testimony to the stability of our company, the strength and resiliency of our brands and people, and the quality of our cash flows and balance sheet.”

Disturbing news: Even sales of Jack Daniels & Cola, which, sorry, just looks gross to us, grew in the quarter.

<snip>

http://clusterstock.alleyinsider.com/2008/12/jack-daniels-maker-doing-awesome-in-this-economy

:woohoo: As a JD drinker, nice to see I've been ahead of the curve!