Sequential Improvement in Top and Bottom Line Results
The company delivered sequentially stronger top and bottom line results as it entered the second half of the fiscal year, with January being the fifth consecutive month of positive 3-month rolling organic net sales trends.
Strong Performance of Key Brands
Woodford Reserve and Jack Daniel's Tennessee Whiskey were the largest drivers of organic net sales growth, with Woodford Reserve achieving 10% organic net sales growth driven by higher volumes and positive price mix.
Emerging Markets Lead Growth
Emerging international markets delivered an 8% organic net sales increase, led by strong double-digit growth in Turkey and Brazil.
Successful Route-to-Consumer Strategy
The company successfully executed its route-to-consumer changes in Japan and is on schedule to launch its own distribution in Italy by May 1, 2025.