Jack Daniels Selling Well Amid Massive Economic Crisis

Jack Daniels Selling Well Amid Massive Economic Crisis

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.

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