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Brown-Forman (BF.A -0.4%) says FQ2 profit rose 2% due to sales gains for its flagship Jack...

Brown-Forman (BF.A -0.4%) says FQ2 profit rose 2% due to sales gains for its flagship Jack Daniel's whiskey. Revenue rose 12%, but ad spending jumped 14% Y/Y as the liquor maker spent more to market its new flavored adult beverages. A stronger dollar cools earlier profit expectations; BF now predicts full-year EPS at $3.45-$3.70, vs. previous guidance of $3.45-$3.85.
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