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BF - BF STOCK NEWS

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 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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Brown-Forman Agrees to Sell Sonoma-Cutrer Vineyards; Secures Equity Ownership in The Duckhorn Portfolio, Inc.

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Brown-Forman (NYSE: BFA, BFB) announces that The Duckhorn Portfolio, Inc. will acquire Sonoma-Cutrer Vineyards and related brand trademarks, with Brown-Forman receiving an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD. The transaction is expected to close in the fourth quarter of fiscal year 2024. The Duckhorn Portfolio's acquisition of Sonoma-Cutrer enhances its luxury wine portfolio, with Brown-Forman maintaining a presence in the wine category while focusing on building premium and super-premium spirits brands.
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Brown-Forman Increases Cash Dividend for 40th Consecutive Year

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Brown-Forman Corporation (NYSE: BFA, BFB) increases quarterly cash dividend by 6% to $0.2178 per share, marking the 40th consecutive year of dividend increases. The dividend is payable on January 2, 2024, to stockholders of record on December 1, 2023. President and CEO Lawson Whiting expresses confidence in the company's long-term growth outlook. Brown-Forman, a member of the S&P 500 Dividend Aristocrats index, has a history of 80 years of paying regular quarterly cash dividends and 40 years of consecutive increases. The company's portfolio includes well-known beverage alcohol brands such as Jack Daniel's, Woodford Reserve, Old Forester, and Herradura.
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Brown-Forman Second Quarter Earnings Release and Conference Call Scheduled for December 6, 2023

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Brown-Forman Corporation (NYSE: BFA, BFB) will release its second quarter and first half of fiscal year 2024 financial results on December 6, 2023. The results will be discussed in a conference call at 10:00 a.m. (EST). Brown-Forman is a leading producer of quality beverage alcohol brands, including Jack Daniel's, Woodford Reserve, and Old Forester. The company's brands are sold in over 170 countries worldwide.
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Brown-Forman Completes Sale of Finlandia Vodka

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Coca-Cola HBC has completed the purchase of the Finlandia vodka brand from Brown-Forman Corporation for $220 million. The sale is part of Brown-Forman's strategy to premiumize its portfolio through brand innovation, acquisition, and divestiture.
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Brown-Forman Board Approves Share Repurchase Authorization of $400 Million

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Brown-Forman Corporation approves $400 million share repurchase authorization, providing flexibility to repurchase shares when the market presents the right opportunity.
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Brown-Forman to Participate in Barclays Global Consumer Staples Conference

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Brown-Forman Corp. executives to participate in fireside chat at Barclays Global Consumer Staples Conference on September 6, 2023.
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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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