In developed markets, had sales fall of 2% in the quarter and, in emerging, the retreat reached 8%

Brown-Forman, American manufacturer of distilled beverages, owner of Jack Daniel''s whiskey, reported in the third fiscal quarter, ended on 31 January this year, a fall of 4% in net income, to $182 million. The comparison is with the same range of the previous year. Diluted earnings per share was stable at $0.47. The fall was linked to foreign exchange losses and the fall in sales in emerging countries, including Brazil. The net revenue was stable in the third fiscal quarter, at $808 million. Excluding the effect of exchange rate variations, sales increased by 4% over the period.
In developed markets, had sales fall of 2% in the quarter and, in emerging markets, the retreat reached 8%. Sales of products from Jack Daniel''s family had an increase of 1% over the period. Already the lines of ultra-premium whiskey, Woodford Reserve, presented 15% growth in sales in the quarter.
The company reported that growth in the United States and obtained in European countries. In Japan, sales rose in smaller rate. Among the emerging countries, Mexico, Poland and Ukraine have had good results.
Brazil, China and Thailand have recorded double-digit falls in sales in the quarter sales expenses grew 7% to $272 million. General and administrative expenses shrank 3 percent on the same basis of comparison, for $162 million.
The company''s operating profit came to $273 million for the quarter, 2% lower than in the same range as the previous fiscal year.