BF - BF STOCK NEWS

Brown-Forman (NYSE: BFA, BFB) announced that CEO Lawson Whiting will participate in TD Cowen's 2nd Annual Sip, Snack & Scrub Summit on September 17, 2024. The virtual 'fireside chat' will begin at 11:00 a.m. (EDT) and will be available as a webcast on the company's website. A replay will be accessible for at least 30 days following the event.

Brown-Forman, with a 150-year history in building exceptional spirits brands, boasts a portfolio including Jack Daniel's, Woodford Reserve, Herradura, and Diplomático Rum. The company employs approximately 5,700 people worldwide and distributes its premium beverages in more than 170 countries.

Brown-Forman reported its Q1 fiscal 2025 results, with net sales decreasing 8% to $1.0 billion and operating income down 14% to $281 million. Despite challenges, the company reaffirmed its full-year fiscal 2025 guidance, expecting organic net sales and operating income growth of 2% to 4%. Key highlights include:

- Diluted earnings per share decreased 14% to $0.41
- Gross profit declined 13% with a 330 basis point margin reduction
- Operating expenses decreased by 12%
- Whiskey net sales decreased 5%, Tequila portfolio declined 23%
- U.S. net sales declined 5%, Developed International markets down 9%
- The company declared a quarterly cash dividend of $0.2178 per share

Brown-Forman remains confident in its strategy to navigate the challenging consumer and cost environment.

Brown-Forman (NYSE: BFA, BFB) announced that President and CEO Lawson Whiting and EVP and CFO Leanne Cunningham will participate in a "fireside chat" at the Barclays Global Consumer Staples Conference in Boston on September 4, 2024. The event starts at 12:45 p.m. (ET) and will be available as a webcast on the company's website, with a replay accessible for at least 30 days.

Brown-Forman, with a 150-year history in premium spirits, boasts a portfolio including Jack Daniel's, Woodford Reserve, and Herradura. The company employs approximately 5,700 people worldwide and distributes its products in over 170 countries.

BetterInvesting Magazine has announced Cognizant Technology Solutions Corp. (NASDAQ: CTSH) as its 'Stock to Study' and Brown-Forman Corp. (NYSE: BFB) as its 'Undervalued Stock' in the November 2024 issue. The announcement, made by the Editorial Advisory and Securities Review Committee, is intended for investors' informational and educational use.

The magazine emphasizes the importance of long-term investing, quoting NAIC founder George A. Nicholson Jr. CFA on the profitability of investing in companies with growing earnings over a five-year period. Investors are encouraged to use BetterInvesting's online tools to analyze these stocks, with non-members having access to a trial version.

The committee stresses that these selections are not endorsements or purchase recommendations, urging investors to conduct their own research using tools like the Stock Selection Guide before making investment decisions.

Brown-Forman (NYSE: BFA, BFB) has announced the release of its first quarter fiscal year 2025 financial results on August 29, 2024, at 8:00 a.m. (EDT). This will be followed by a conference call at 10:00 a.m. (EDT) to discuss the results. Investors and interested parties can access a live audio broadcast of the call via the company's website, brown-forman.com, under the 'Investors/Events & Presentations' section. A digital audio recording will be available on the website approximately two hours after the call concludes and will remain accessible for at least 30 days. Participants can also register in advance to join the conference call.

Brown-Forman (NYSE: BFA, BFB) held its annual stockholders meeting, where shareholders elected the recommended slate of directors and ratified Ernst & Young LLP as the company's independent auditor for fiscal year 2025. W. Austin Musselman Jr., a fifth-generation descendant of the founder, was elected to the Board of Directors. He joins three other fifth-generation family members on the board.

The Board of Directors approved a regular quarterly cash dividend of $0.2178 per share on Class A and B Common Stock, payable on October 1, 2024, to stockholders of record on September 3, 2024. Brown-Forman, a member of the S&P 500 Dividend Aristocrats index, has paid regular quarterly dividends for 80 consecutive years and increased them for 40 consecutive years.

Brown-Forman (NYSE: BFA, BFB) launches its own distribution business in Japan, aiming to enhance brand growth in the premium whiskey market. The new Brown-Forman Japan office in Tokyo signifies a strategic move to capture the immense potential of the Japanese market, focusing on their Jack Daniel’s family of brands, Woodford Reserve, and super premium portfolio.

Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its third quarter and nine months ended January 31, 2024. Despite a 1% decrease in net sales in the third quarter, the company saw a significant increase in operating income and diluted earnings per share. For the first nine months of the fiscal year, reported net sales increased by 1%. The company highlighted growth in emerging markets and the travel retail channel, as well as the performance of recently acquired brands. Brown-Forman also completed a share repurchase program and declared a regular quarterly cash dividend. The company provided an outlook for fiscal 2024, expecting flat organic net sales and moderate growth in operating income.

Brown-Forman Corporation (NYSE: BFA, BFB) to host an investor conference focusing on strategic priorities and long-term ambitions. The conference will feature live webcasts and Q&A sessions with executive leaders. Brown-Forman, with a rich history of over 150 years, offers a diverse portfolio of fine quality beverage alcohol brands sold globally.