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Brown-Forman executives warn of continued pressure on liquor sales from cannabis, weight-loss drugs and Gen Z consumers, though spirits still gain market share from beer and wine.

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Stock price of Kentucky bourbon maker Brown-Forman fell after parent of Jack Daniel’s, Woodford Reserve reported sales, profits down for quarter, fiscal year.

Brown-Forman BF.B 1.37%, the maker of Jack Daniel’s Tennessee Whiskey, expects organic sales to decline this fiscal year as demand slows amid shifting tariffs and uncertainty about the economy.

Jack Daniels maker Brown-Forman forecast a disappointing year ahead, saying geopolitical uncertainty had hit consumers' discretionary spending. Brown-Forman’s net sales fell 7% last quarter from ...

Brown-Forman said it faces a challenging operating environment this year, and shares sank to a more than 11-year low.

Executives from Jack Daniel’s parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z.