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Brown-Forman income jumps on Jack Daniel's

Dec. 05, 2013 @ 12:00 AM

LOUISVILLE, Ky. -- Strong demand for its Jack Daniel's brand and other premium whiskeys helped liquor producer Brown-Forman Corp's second-quarter net income rise 19 percent.

The strength in whiskey more than offset a shakier performance by some of the company's other spirits.

The company on Wednesday reported net sales gains in the U.S. and overseas in the first six months of the year. It reaffirmed its full-year earnings outlook between $2.80 and $3 per share.

Overall, Brown-Forman reported net income of $206 million, or 96 cents per share, in the quarter that ended Oct. 31. That's up from $173 million, or 80 cents per share, the year before. Quarterly net sales rose 6 percent to $1.08 billion.

Gasoline prices down slightly in W. Virginia

CHARLESTON -- Gas prices have dipped a bit in West Virginia.

AAA East Central says the average price for a gallon of regular unleaded gas in the state dropped 1 cent over the past week to about $3.32. That's down about 24 cents a gallon compared with the same week a year ago.

This week's prices range from $3.20 a gallon in Clarksburg up to $3.46 in Martinsburg.

Nationally, gas prices average $3.26 per gallon, 2 cents cheaper than the previous week.



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