Brown-Forman Stock Plunges as Jack Daniel's Maker Warns of Economic Challenges
1. Brown-Forman faces challenging operating environment and low visibility this year. 2. Shares of BF-B dropped over 15%, hitting an 11-year low. 3. CEO cites soft consumer demand and macroeconomic volatility as headwinds. 4. Fourth-quarter earnings fell short of forecasts; revenue declined 7% year-over-year. 5. Forecast predicts a drop in full-year organic sales and income.