Emerging Markets Growth
Organic net sales growth in emerging international markets led by a 25% increase in Travel Retail and a 30% increase in Brazil, indicating strong geographic performance.
Jack Daniel's Strategic Innovation
Launch of Jack Daniel's Tennessee Blackberry showing promising initial feedback and potential for global expansion, with shipments exceeding expectations.
Operational Improvements
Streamlined workforce structure and distributor transitions in the U.S. aimed at driving improved performance and growth.
Gross Margin Expansion
Gross profit margin expanded by 40 basis points due to benefits from the absence of transition services agreements for divested brands.