Spirits maker Brown-Forman is reporting weaker sales as it confronts challenging market conditions amid trade conflicts and pinched consumer spending.

Shares of Kentucky bourbon giant Brown-Forman tumbled on Thursday after earnings were released. Here’s what the company predicts for the coming fiscal year.

Jack Daniel’s maker Brown-Forman expects organic sales to decline this fiscal year as consumer demand softens in the face of shifting tariffs and uncertainty about the U.S. economy.