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Brown-Forman reports declining sales and profits, citing global trade issues and reduced consumer spending.
Brown-Forman, maker of Jack Daniel's whiskey, reported a 5% drop in full-year sales to nearly $4 billion, with a 7% decline in the fourth quarter.
Net income fell 15% for the year and 45% in the last quarter.
The company attributes the decline to global trade conflicts and reduced consumer spending.
CEO Lawson Whiting predicts another tough year ahead, citing consumer uncertainty and potential tariffs.
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Brown-Forman informa de la disminución de las ventas y las ganancias, citando los problemas del comercio global y la reducción del gasto de los consumidores.