Profile
Sector:
Consumer DefensiveIndustry:
Wineries & DistilleriesCountry:
United StatesIPO:
03 May 1973Website:
http://www.brown-forman.comNext earnings report:
30 August 2024Last dividends:
07 June 2024Next dividends:
N/APrice
after hours | Mon, 10 Jun 2024 20:07:34 GMTAnalysts recommendations
Institutional Ownership
BF.A Latest News
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.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Brown-Forman.
Brown-Forman B (BF.B) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As consumers increasingly expect commerce integrated into their day-to-day lives, spirits giant Brown-Forman, parent company of Jack Daniel's, is looking to create more immersive online shopping experiences. In an interview with PYMNTS, Lynette Green, Brown-Forman's integrated marketing communications manager, omnichannel for the USA and Canada, discussed these emerging opportunities for contextual commerce.
Brown-Forman B (BF.B) reported earnings 30 days ago. What's next for the stock?
CNBC's Emily Wilkins and Brandon Gomez join 'Squawk on the Street' to discuss the tariffs being lifted on American whisky.
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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 spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Reserve, Old Forester, Coopers' Craft, Herradura, el Jimador, New Mix, Korbel Champagnes, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin brands. It is also involved in the sale of used barrels, 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, Mexico, 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 does Brown-Forman report earnings?
The next expected earnings date for Brown-Forman is 30 August 2024