Brown-Forman surpassed third-quarter expectations as demand for Jack Daniel’s and ready-to-drink beverages supported results despite sales declines in developed markets such as Canada and the United States.
Profit was supported by strong sales growth, margin expansion and the strategic acquisition of Bullet beverage brands across African markets.
The new line aims to double manufacturing capacity while enhancing sustainability, export potential and technological capabilities.
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Brown-Forman to bring Jack Daniel’s flavored malt beverages in-house as it strengthens ready-to-drink strategy.