Brown-Forman, the maker of Jack Daniel’s, reported a decline in first-quarter earnings and sales, driven by lower sales in key brands like Jack Daniel’s Tennessee Whiskey and Tequila. The company attributed the decline to factors such as pricing strategies, inventory adjustments, and divestitures. Despite the challenges, Brown-Forman remains optimistic about future growth, projecting organic sales and operating income growth of 2% to 4% for fiscal 2025.