Jack Daniel's distributor Brown-Forman Corp. /zigman2/quotes/209253695/composite BF.B -0.74% /zigman2/quotes/209049280/composite BF.A -0.41% posted net income of $259 million, or 54 cents a share, for its fiscal third quarter through Jan. 31, up from $219 million, or 45 cents a share, in the year-earlier period. Sales rose 14% to $1.037 billion from $911 million a year ago. The FactSet consensus was for EPS of 52 cents and sales of $1.036 billion. Chief Executive Lawson Whiting said the quarter was hit by supply chain constraints, notably in glass supply. Sales of Jack Daniel's family of brands rose 12% in the year to date, while premium bourbons rose 10%. The tequila portfolio rose 19%, driven by driven by double-digit growth from Herradura and el Jimador. The company said it expects margins to be hurt in the full fiscal year by continued supply chain issues and inflationary pressure. Shares rose 3.5% premarket but are down 7% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.16% has gained 15%.