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Brown-Forman Reports Solid First Quarter Results amidst Continued Uncertainty

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) announced financial results for its first quarter of fiscal 2021 with reported net sales1 down 2% to $753 million (+3% on an underlying basis2) compared to the same prior-year period. Further, reported operating income increased 56% to $387 million (+15% on an underlying basis) and diluted earnings per share grew 73% to $0.67.