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Brown-Forman Corporation - BF.A STOCK NEWS

Welcome to our dedicated page for Brown-Forman Corporation news (Ticker: BF.A), a resource for investors and traders seeking the latest updates and insights on Brown-Forman Corporation stock.

Brown-Forman Corporation (symbol: BF.A) is a distinguished American company based in Louisville, Kentucky, recognized as one of the largest entities in the spirits and wine industry. The company boasts a rich heritage and a diverse portfolio of globally renowned brands, including Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Finlandia, Herradura, Korbel, and Chambord.

Primarily, Brown-Forman is known for its premium distilled spirits, with whiskey accounting for nearly 70% of its revenues. The iconic Jack Daniel's Tennessee Whiskey and esteemed bourbon brands like Woodford Reserve and Old Forester are significant revenue drivers. Beyond whiskey, the company also produces and distributes tequila, vodka, rum, gin, and premium wines, thus catering to a wide array of consumer preferences.

The company's market presence is robust, generating 45% of its sales within the United States. Internationally, Brown-Forman's products are well-received in markets across Europe, Australia, and Latin America. The company's stronghold in these regions underscores its global appeal and effective market penetration strategies.

Financially, Brown-Forman is a stable entity, thanks in part to the Brown family's significant control over the company. The family holds over 50% of the economic interests and wields a 67% voting power, ensuring a stable governance structure and a focused strategic direction.

Brown-Forman continues to enhance its market position through innovative product launches, strategic partnerships, and an unwavering commitment to quality. Recent achievements include the expansion of its product lines and successful penetration into new markets, further solidifying its status as a leader in the spirits industry.

For more details on the latest developments and news about Brown-Forman Corporation, visit their official website or follow their updates on financial news platforms.

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Brown-Forman Corporation (BF.A, BF.B) and The Coca-Cola Company (KO) have announced a global partnership to launch a ready-to-drink (RTD) version of the classic Jack & Coke cocktail. This innovative product will combine Jack Daniel’s Tennessee Whiskey and Coca-Cola, aimed at providing convenience and consistency to consumers. The RTD is set to debut in Mexico in late 2022, with plans for a wider rollout. Both companies emphasize responsible marketing and adherence to legal drinking age guidelines in their promotional efforts.

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Brown-Forman Corporation (NYSE: BF.A, BF.B) will participate in Deutsche Bank’s dbAccess Global Consumer Conference on June 16, 2022, in Paris. Leanne Cunningham, CFO, is scheduled to speak at 8:30 a.m. (CEST). The session will be available as a webcast on the company’s website. Attendees are advised to log in 10 minutes early. A replay will be accessible for at least 30 days post-event. With a rich history of over 150 years, Brown-Forman offers renowned brands like Jack Daniel’s and Woodford Reserve, supported by approximately 4,700 employees across 170 countries.

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Brown-Forman Corporation (NYSE: BF.A, BF.B) reported a strong financial performance for the fourth quarter and fiscal year ending April 30, 2022. Q4 net sales rose 23% to $996 million, with operating income increasing 46% to $246 million. For the full year, net sales grew 14% to $3.93 billion, although diluted EPS fell 7% to $1.74 due to higher taxes. The success of Jack Daniel's Tennessee Whiskey and premium bourbons drove growth. The company returned $831 million to shareholders, including a special $1 per share dividend. Fiscal 2023 guidance anticipates mid-single-digit organic growth amid ongoing global challenges.

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Brown-Forman Corporation (NYSE: BF.A, BF.B) has declared a regular quarterly cash dividend of $0.1885 per share for its Class A and Class B Common Stock. Eligible stockholders of record on June 8, 2022 will receive the dividend on July 1, 2022. With a history of 78 years of regular dividends and 38 consecutive years of increases, Brown-Forman continues to be a member of the S&P 500 Dividend Aristocrats index, reflecting its commitment to returning value to shareholders.

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Brown-Forman Corporation (NYSE: BF.A, BF.B) will report its fourth quarter and fiscal year 2022 financial results on June 8, 2022, at 8:00 a.m. (EDT). A conference call to discuss these results will follow at 10:00 a.m. (EDT). Investors can access the live audio broadcast on Brown-Forman’s website or dial in using specific phone numbers for U.S. and international callers. The company has a long-standing reputation, selling premium beverage alcohol brands across over 170 countries.

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Brown-Forman has welcomed the Biden Administration's tariff agreement with the United Kingdom, effective June 1, 2022, reinstating tariff-free trade for American whiskey. This follows the prior removal of EU tariffs on American whiskey on January 1, 2022. The company expressed gratitude to key officials for their roles in achieving this agreement, emphasizing the importance of the Transatlantic alliance for promoting the international growth of U.S. exports, particularly American-made whiskey.

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Brown-Forman Corporation (NYSE:BF.A, NYSE:BF.B) has appointed Dan Muraski as Chief Information Officer and Sailaja Kotra-Turner as Chief Information Security Officer, effective immediately. Muraski brings over 12 years of experience in various IT roles, previously serving as VP of global enterprise applications. Kotra-Turner, who joined the company in September 2020, has shaped the security posture and governance of IT security. These appointments aim to enhance Brown-Forman's IT and analytics capabilities while mitigating risks in a rapidly evolving technological landscape.

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Brown-Forman Corporation (NYSE: BFA, BFB) reported strong Q3 and year-to-date results for fiscal 2022, with net sales of $1,037 million, a 14% increase compared to the previous year. Operating income rose 24% to $347 million, while diluted EPS increased 19% to $0.54. Year-to-date net sales rose 11% to $2,937 million, despite a 4% decline in operating income due to prior-year brand sales gains. The company anticipates organic net sales growth of 11% to 13% for the full year, amidst ongoing supply chain challenges.

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Brown-Forman Corporation (NYSE:BF.A, NYSE:BF.B) announced key executive leadership changes aimed at enhancing its brand-building and growth strategies. Tim Nall will take on the role of Senior VP and Chief Global Supply Chain and Technology Officer. Crystal Peterson will become the Chief Inclusion and Global Community Relations Officer starting June 15, while Jeremy Shepherd will assume the role of Senior VP & President of USA and Canada on July 15. Alex Alvarez is appointed Senior VP and Chief Sustainability Officer. The company also announced retirements, including Ralph de Chabert and John Hayes.

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FAQ

What is the current stock price of Brown-Forman Corporation (BF.A)?

The current stock price of Brown-Forman Corporation (BF.A) is $49.91 as of April 16, 2024.

What is the market cap of Brown-Forman Corporation (BF.A)?

The market cap of Brown-Forman Corporation (BF.A) is approximately 23.6B.

What brands are owned by Brown-Forman Corporation?

Brown-Forman owns Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Finlandia, Herradura, Korbel, and Chambord.

Where is Brown-Forman Corporation headquartered?

Brown-Forman Corporation is headquartered in Louisville, Kentucky, USA.

What percentage of Brown-Forman's revenue comes from whiskey?

Approximately 70% of Brown-Forman's revenue is generated from the whiskey category.

How much of Brown-Forman's sales are generated internationally?

55% of Brown-Forman's sales are generated from international markets, particularly in Europe, Australia, and Latin America.

Who controls Brown-Forman Corporation?

The Brown family controls over 50% of the economic interests and has a 67% voting power in the company.

What are some recent achievements of Brown-Forman?

Recent achievements include innovative product launches, expansion into new markets, and strategic partnerships.

What types of products does Brown-Forman manufacture?

Besides whiskey, Brown-Forman manufactures and distributes tequila, vodka, rum, gin, and premium wines.

What is the significance of Jack Daniel's to Brown-Forman?

Jack Daniel's is a flagship brand and a major revenue driver for Brown-Forman, contributing significantly to its market presence.

Where can I find the latest news about Brown-Forman Corporation?

You can visit Brown-Forman's official website or follow financial news platforms for the latest updates.

How does Brown-Forman maintain its market position?

Brown-Forman maintains its market position through quality commitment, innovative products, and strategic market expansions.

Brown-Forman Corporation

NYSE:BF.A

BF.A Rankings

BF.A Stock Data

23.58B
169.11M
Wineries
Beverages
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United States of America
LOUISVILLE