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

Brown-Forman Corporation (BF) is a leading American producer and distributor of globally recognized alcoholic beverages. The company boasts a rich heritage dating back to 1870 when it was founded by George Garvin Brown. Headquartered in Louisville, Kentucky, Brown-Forman is celebrated for its diverse portfolio of premium brands, including Jack Daniel's, Woodford Reserve, Old Forester, and Finlandia Vodka.

Brown-Forman operates through three main segments: Whiskey, Tequila, and Wine. Each segment is meticulously managed to ensure the highest quality products reach their consumers. The Whiskey segment, anchored by Jack Daniel's, is the flagship of the company and accounts for a significant portion of the revenue.

The company has a robust global presence, distributing its products in over 170 countries. This expansive reach is supported by strategic partnerships and collaborations with local distributors and retailers, ensuring that Brown-Forman's brands are accessible to a wide audience.

In recent years, Brown-Forman has achieved notable milestones, including the expansion of its Jack Daniel's Tennessee Whiskey's brand into new markets and launching innovative products, such as flavored variations and ready-to-drink cocktails. The company continues to invest in sustainable practices and community engagement, reflecting its commitment to long-term value creation.

Financially, Brown-Forman remains strong, with consistent revenue growth and a solid balance sheet. The company leverages its brand strength and operational efficiency to deliver steady dividends to shareholders, making it a reliable choice for investors seeking stability in the beverage sector.

Brown-Forman's current projects focus on expanding its digital footprint and enhancing consumer engagement through targeted marketing campaigns. The company also prioritizes innovation in packaging and product offerings to meet evolving consumer preferences and regulatory requirements.

Overall, Brown-Forman Corporation stands out as a resilient and forward-thinking leader in the alcoholic beverage industry, committed to quality, sustainability, and shareholder value.

News

Brown-Forman Named One of the 2024 World's Most Ethical Companies

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Brown-Forman (NYSE: BFA, BFB) has been recognized as one of the 2024 World’s Most Ethical Companies by Ethisphere for the third consecutive year. The company's commitment to ethical business practices and core values of integrity, respect, trust, teamwork, and excellence has been acknowledged. This recognition highlights Brown-Forman's dedication to ethics, compliance, and governance practices, setting a standard for corporate citizenship.
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Brown-Forman Commits Funds to Foundation and Dendrifund

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Brown-Forman Corporation commits $22.5 million to support the Brown-Forman Foundation and Dendrifund. The donation from the recent sale of Finlandia vodka will strengthen community impact and sustainability efforts. The Brown-Forman Foundation receives $20 million to promote responsible living and cultural experiences in Louisville, while Dendrifund gets $2.5 million to advance sustainability in the whiskey industry.
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Brown-Forman Announces Launch of Distribution Business in Italy

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Brown-Forman Corporation (BF) plans to distribute its own brands in Italy starting May 1, 2025, aiming to boost growth in the Italian market. Italy is a key market for the company's Jack Daniel’s Family of Brands, especially Gin Mare and Diplomático Rum. Brown-Forman is the leading company in the premium+ spirits industry in Italy, with Jack Daniel’s as the top whiskey and Gin Mare as the second in the super premium+ gin category. The move to establish its own distribution organization in Italy is expected to enhance consumer focus and brand prioritization, supported by a skilled team.
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Brown-Forman Announces Sale of Cooperage in Alabama

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Brown-Forman Corporation sells cooperage in Trinity, Alabama to Independent Stave Company, ensuring a steady supply of high-quality barrels for Jack Daniel's Tennessee Whiskey. The cooperage will be renamed Alabama Cooperage and continue crafting American White Oak barrels to maintain the whiskey's consistent quality worldwide.
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Brown-Forman Announces American Whiskey Global Marketing Leads

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Brown-Forman Corporation announces new global marketing leadership for its American Whiskey brands. Mark Bacon named Managing Director, Jack Daniel’s Brands, and Mia Simpson Culp named Managing Director, Woodford Reserve and Old Forester, effective March 1. Both will be responsible for global marketing and innovation for their brand portfolios. Bacon and Culp's extensive experience and track record position them to further develop these iconic brands worldwide.
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Brown-Forman Third Quarter Earnings Release and Conference Call Scheduled for March 6, 2024

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Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2024 financial results on March 6, 2024, followed by a conference call to discuss the results. The company has a diverse portfolio of beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Woodford Reserve, and Old Forester, sold in over 170 countries. The financial results will be available on the company's website, and a digital audio recording of the conference call will be accessible afterward.
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Brown-Forman Announces European Leadership Change

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Brown-Forman Corporation (NYSE:BFA,BFB) has announced a change in its European leadership and Executive Leadership Team (ELT), with Yiannis Pafilis named as the new President, Europe. Pafilis will lead the long-term strategy for the region and drive growth in the company’s European markets. Marshall Farrer, the current President, Europe, will retain his responsibilities as Chief Strategic Growth Officer and continue to serve on the ELT and Brown-Forman Board of Directors.
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Brown-Forman Declares Cash Dividend

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Brown-Forman Corporation (NYSE: BFA, BFB) has declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock. The dividend is payable on April 1, 2024, to stockholders of record on March 8, 2024. Brown-Forman is a member of the S&P 500 Dividend Aristocrats index and has paid regular quarterly cash dividends for 80 years, increasing the cash dividend for 40 consecutive years. The company has a rich history of over 150 years and is known for its fine quality beverage alcohol brands, sold in more than 170 countries worldwide.
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Brown-Forman Announces General Counsel Transition

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Brown-Forman Corporation (NYSE: BFA, BFB) announces the retirement of Matt Hamel, EVP, general counsel, and secretary. Mike Carr, VP, associate general counsel for regional and corporate development, will succeed Hamel on May 1.
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Brown-Forman Reports First Half Fiscal 2024 Results; Revises Full Year Outlook

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Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its second quarter and first half of fiscal 2024. Second quarter net sales increased 1% to $1.1 billion compared to the same prior-year period. Operating income increased 8% to $339 million and diluted earnings per share increased 6% to $0.50. First half reported net sales increased 2% to $2.1 billion compared to the same prior-year period. Operating income increased 1% to $666 million and diluted earnings per share decreased 1% to $0.98.
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FAQ

What does Brown-Forman Corporation specialize in?

Brown-Forman specializes in producing and distributing premium alcoholic beverages, including well-known brands like Jack Daniel's and Woodford Reserve.

Where is Brown-Forman Corporation headquartered?

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

Which segments does Brown-Forman operate in?

Brown-Forman operates in three main segments: Whiskey, Tequila, and Wine.

What are some of Brown-Forman's most famous brands?

Some of Brown-Forman's most famous brands include Jack Daniel's, Woodford Reserve, Old Forester, and Finlandia Vodka.

In how many countries does Brown-Forman distribute its products?

Brown-Forman distributes its products in over 170 countries worldwide.

What recent achievements has Brown-Forman accomplished?

Recent achievements include expanding Jack Daniel's into new markets and introducing innovative products like flavored whiskeys and ready-to-drink cocktails.

How does Brown-Forman ensure product quality?

Brown-Forman ensures product quality through meticulous management of each segment and continuous investment in sustainable practices and innovation.

What financial strengths does Brown-Forman have?

Brown-Forman has consistent revenue growth, a solid balance sheet, and delivers steady dividends to shareholders.

What current projects is Brown-Forman involved in?

Current projects include expanding its digital footprint, enhancing consumer engagement through marketing campaigns, and innovating in packaging and product offerings.

How does Brown-Forman contribute to sustainability?

Brown-Forman is committed to sustainable practices, including responsible sourcing of ingredients, reducing environmental impact, and engaging with communities.

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