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Brown-Forman reports first quarter results
date:Aug 29, 2014
el's and our portfolio of premium whiskey brands. We reaffirm our full-year guidance and our expectations of 9-11% underlying operating income growth in fiscal 2015.

First Quarter 2015 Highlights

- Underlying net sales increased 3%:

Price/mix contributed two points to net sales growth and gross margin expanded 50bps
Jack Daniel's trademark grew underlying net sales 5% (+4% reported)
Jack Daniel's Tennessee Honey grew underlying net sales 29% (+35% reported)
The company's super and ultra-premi

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