08:33 AM EDT, 08/29/2024 (MT Newswires) -- Brown-Forman (BF.A, BF.B) reported fiscal Q1 earnings Thursday of $0.41 per diluted share, down from $0.48 a year earlier.

Analysts polled by Capital IQ expected $0.46.

Net sales for the fiscal quarter ended July 31 was $951 million, down from $1.04 billion a year earlier.

Analysts surveyed by Capital IQ expected $990.8 million.

For fiscal 2025, the producer of alcoholic beverages reiterated that it expects organic net sales growth of 2% to 4%.