Brown-Forman Reports Strong Broad-Based Fiscal 2023 Net Sales Growth – Medical Marijuana Program Connection

LOUISVILLE, Ky.–(BUSINESS WIRE)–Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its fourth quarter and fiscal year ended April 30, 2023. For the fourth quarter, reported net sales increased 5%1 to $1.0 billion (+4% on an organic basis2). In the quarter, reported operating income increased 21%1 to $298 million (+3% on an organic basis) and diluted earnings per share increased 36% to $0.43 in the quarter. For the full year, reported net sales increased 8% to $4.2 billio

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