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Brown-Forman Reports Solid First Half Underlying Results; Foreign Exchange Tempers Full Year Growth Outlook

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LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) reported financial results for its second quarter and the first half of fiscal 2015 ended October 31, 2014. The company grew reported net sales1 5% to $1,135 million in the second quarter (+7% on an underlying basis2). Reported operating income decreased 3% in the quarter to $303 million (+5% on an underlying basis). Foreign exchange negatively impacted reported operating income growth by ten percentage points in t

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