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Brown-Forman (NYSE: BFB) (NYSE: BFA) confirms its guidance for fiscal 2011 following its first quarter performance. Improving upon its full year fiscal 2010 performance, the company grew underlying net sales 3% and reported net sales 1%, to $745 million during the quarter. Paul Varga, the company’s chief executive officer stated, “In what remains a sluggish environment, we performed within our expectations for our first quarter. Continuing our trends of the prior two quarters, we posted good underlying growth in sales and gross profit. This growth was driven by a strong net sales performance internationally.”

Brown-Forman (NYSE: BFB) (NYSE: BFA) Board of Directors approved a regular quarterly cash dividend of $0.30 cents per share on Class A and Class B Common Stock. Stockholders of record on September 7, 2010, will receive the cash dividend on October 1, 2010. With this dividend, Brown-Forman will have paid regular quarterly cash dividends for 65 consecutive years.*