TheStreet’s Jim Cramer is keeping an eye on Brown Forman (BF.A) (BF.B) as the spirits company gets set to release its latest quarterly results on Wednesday. The world’s leading producer and distributor of premium alcoholic beverages will report its first quarter fiscal 2016 results before the opening bell. Cramer says he likes Constellation Brands (STZ) but that ‘Brown Forman would be a great confirmation that this business is still strong.’ He points out to investors that ‘vice holds up no matter what the stock market does.’ Cramer believes that the food and beverage segment of consumer packaged goods is the ‘top performing’ group and that Brown Forman should be bought on any weakness. In the last quarter, Brown Forman posted earnings of $0.66 a share which was in line with analyst estimates. For this quarter, analysts surveyed by Thompson Reuters expect the company to report earnings of $0.75 a share on revenue of $944.7 million.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
