Brown-Forman was on investors' top shelves last week after an earnings report worth pouring some Scotch to -- the company announced that net sales globally rose 6% over last year. And it's Jack Daniels that's driving the push as sales of the whiskey increased 8% across planet earth.
It's not just that America has refound its taste for whiskey on the heels of the craft brew trend. Its flavored whiskeys, in particular, that are what BF wants to capitalize on. BF's "Tennessee Honey" brand of Jack doubled sales in its first year, with total sales rising 36% in the last year. Next, BF plans to introduced "Tennessee Fire" to add a cinnamon spice to its flavored whiskey lineup (and compete with Fireball Whisky).
2. ... And the stock market loser
And while 2013 was solid for the glazed-doughnut king, the first quarter of 2014 wasn't as tasty. The company reported earnings last week, indicating an unimpressive $121.6 million in revenue for the first three months of the year -- less than 1% more in revenue during the first quarter of last year.
Like the big-box retailers Target and Wal-Mart, Krispy Kreme execs are taking the easy way out -- they're blaming winter weather. But the notable issue for investors was that sales declined globally by 4.5%. And while sales at the company's franchises rose by 4.5% since last year, sales at company-owned stores dropped 1.5%, and as a result, Krispy Kreme lowered its sales projections for the rest of the year.
3. GM announced firings for recall drama
Tires and heads are rolling at General Motors (NYSE: GM ) , where the recently anointed CEO blamed predecessors for the company's recent recall drama. Investors continue to punish the stock, as GM admitted it covered up the mechanical glitch nearly a decade ago, resulting in over a dozen road deaths. Now GM's fired many of those responsible and plans to refocus on building multiple lines of uninspiring-looking cars.
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