Profile
Sector:
Consumer DefensiveIndustry:
Wineries & DistilleriesCountry:
United StatesIPO:
03 May 1973Website:
http://www.brown-forman.comNext earnings report:
06 December 2024Last dividends:
03 September 2024Next dividends:
N/APrice
regular market | 10 min agoAnalysts recommendations
Institutional Ownership
BF.A Latest News
Peter Galbo, BofA Securities analyst, joins CNBC's 'The Exchange' to discuss the impact of the ongoing strike at East and Gulf Coast ports, how long his firm thinks the strike will last, and more.
The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America.
I maintain a hold rating for Brown-Forman Corporation (BF.B) due to a challenging macro environment and weak consumer spending, keeping growth outlook negative. 1Q25 results showed an 8.4% decline in total sales, with significant drops across segments and compressed margins impacting profitability. Management's FY25 organic sales growth guidance of 2-4% seems overly optimistic given the weak underlying demand and cautious distributor behavior.
While the top- and bottom-line numbers for Brown-Forman B (BF.B) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brown-Forman missed first-quarter profit and sales estimates on Thursday, hurt by higher input costs and weaker demand for its pricey whiskey and spirits.
Hold rating for Brown-Forman Corporation due to challenging macro environment, poor consumer demand, and risk of increased promotion. BFB's 4Q24 results show a decline in net sales, gross margin, and operating profit. Uncertainty in forecasting BFB performance and demand recovery suggests the stock will remain rangebound at current valuation, warranting a hold rating.
Jack Daniel's maker Brown-Forman beat fourth-quarter profit expectations on Wednesday, as price hikes on its premium whiskey and tequila helped offset waning demand, sending the company's shares up 3% in premarket trading.
It may seem risky to look for blue-chip stocks at a 52-week low. After all, most blue chips are renowned for their ability to trade within a stable range and deliver growth.
Brown-Forman (BF.B) is on track for growth, driven by gains across its premium and super-premium brands, strength in the Jack Daniel's family of brands, and the momentum in the RTD category.
Brown-Forman, a spirits company with a focus on whiskey, has delivered strong growth but is projecting flat revenue growth in FY24. The company's growth is driven by successful brand expansions, particularly with their Jack Daniel's Tennessee Whiskey brand and premium tequila brands. Brown-Forman is actively expanding into the ready-to-drink category and has made strategic acquisitions to enhance its portfolio and premiumization strategy.
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What type of business is Brown-Forman?
Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink cocktails, ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Coopers' Craft, Gentleman Jack, Herradura, el Jimador, Korbel, Sonoma-Cutrer, Finlandia, Chambord, Gin Mare, Diplomático, Fords Gin, The Glendronach, Benriach, Glenglassaugh, and Slane brands. It is also involved in the sale of used barrels, and bulk whiskey and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Spain, Canada, France, Mexico, Poland, Brazil, Japan, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.
What sector is Brown-Forman in?
Brown-Forman is in the Consumer Defensive sector
What industry is Brown-Forman in?
Brown-Forman is in the Wineries & Distilleries industry
What country is Brown-Forman from?
Brown-Forman is headquartered in United States
When did Brown-Forman go public?
Brown-Forman initial public offering (IPO) was on 03 May 1973
What is Brown-Forman website?
https://www.brown-forman.com
Is Brown-Forman in the S&P 500?
No, Brown-Forman is not included in the S&P 500 index
Is Brown-Forman in the NASDAQ 100?
No, Brown-Forman is not included in the NASDAQ 100 index
Is Brown-Forman in the Dow Jones?
No, Brown-Forman is not included in the Dow Jones index
When was Brown-Forman the previous earnings report?
No data
When does Brown-Forman earnings report?
The next expected earnings date for Brown-Forman is 06 December 2024