Brown-Forman Profit Up 18 Percent

Brown-Forman Corp.'s third-quarter net income rose 18 percent, mixing strong sales in the U.S. and abroad as the liquor producer reported another round of robust demand for its flagship Jack Daniel's brand and its higher-priced premium brands. The company on Wednesday reported an 8 percent gain in underlying sales in the quarter, matching the performance in the prior six months and reflecting continued strong demand following recent prices increases for many of the company's premium brands. Net sales rose 7 percent in the quarter. (Courier-Journal)