Brown-Forman Corp sees profitable second quarter - WDRB 41 Louisville News

Brown-Forman Corp sees profitable second quarter

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LOUISVILLE, Ky. (WDRB) -- It's been a profitable few months for Louisville-based Brown-Forman Corp.

The company says its second-quarter net income rose 10 percent to $173 million.

It benefited from a combination of price increases and lower costs.

But Brown-Forman says it could have made more, had distributors and retailers not pulled back, fearing price increases.

Net sales were flat at just over $1 billion.

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