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BF.B - BF.B STOCK NEWS

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Brown-Forman Corporation Class B (symbol: BF.B) is a leading independent, publicly-traded company that specializes in the production and marketing of some of the most renowned wines and spirits brands worldwide. With more than 30 unique brands in its portfolio, including nine that exceed one million cases annually, Brown-Forman stands as one of the largest American-owned spirits and wine companies and ranks among the top 10 largest global spirits producers.

Headquartered in Louisville, KY, Brown-Forman boasts a diverse workforce of approximately 4,000 employees from 45 different nationalities. The company operates offices and production facilities across the globe, enabling it to sell its products in more than 135 countries. The cornerstone of Brown-Forman's business strategy is the individual brand strength and equity, built through meaningful differentiation and the dedication of passionate employees. This approach has proven vital for sustained growth and profitability.

The company’s flagship brands include the world-famous Jack Daniel's Tennessee Whiskey, alongside other notable names such as Woodford Reserve and Old Forester bourbons. Additionally, Brown-Forman manufactures and distributes a wide range of beverages, including tequila, vodka, rum, gin, and premium wines. A significant portion of its revenue—close to 70%—comes from the whiskey category.

Brown-Forman generates approximately 45% of its sales from the U.S. market, with the remaining revenues coming primarily from Europe, Australia, and Latin America. Despite being a publicly-traded entity, the Brown family retains over 50% of the economic interests and 67% of the voting power, ensuring long-term family stewardship and stability.

In addition to its financial success, Brown-Forman is committed to responsible business practices. The company understands that success in today's market goes beyond financial metrics, emphasizing sustainability and ethical practices as integral components of its corporate philosophy.

Rhea-AI Summary
Brown-Forman Corporation (NYSE: BFA, BFB) will release its first quarter of fiscal year 2024 financial results on August 30, 2023. A conference call to discuss the results will follow at 10:00 a.m. (EDT). Interested parties can join the call by registering in advance. Brown-Forman Corporation is a leading producer of fine quality beverage alcohol brands, sold in more than 170 countries worldwide.
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Brown-Forman Corporation held its annual meeting of stockholders and elected directors recommended by the Board of Directors. Elizabeth M. Brown was elected to the Board of Directors. The company approved compensation of executive officers and ratified the selection of the independent registered public accounting firm. The Board of Directors also approved a quarterly cash dividend of $0.2055 per share.
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Perficient reports Q2 2023 financial results, with revenues increasing 4% to $231.1 million. Net income remains strong at $26.4 million, but decreases from the previous year. CEO Jeff Davis to transition to Executive Chairman on October 1, 2023, with President and COO Tom Hogan appointed as CEO.
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Brown-Forman Corporation reports financial results for Q4 and fiscal year 2023. Q4 net sales increased 5% to $1.0 billion (+4% organic basis). Operating income increased 21% to $298 million (+3% organic basis). Full-year net sales increased 8% to $4.2 billion (+10% organic basis). Operating income decreased 6% to $1.1 billion (+8% organic basis). Diluted earnings per share increased 36% to $0.43 in Q4 and decreased 7% to $1.63 for the full year.
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Brown-Forman Corporation declares a regular quarterly cash dividend of $0.2055 per share on its Class A and Class B Common Stock. The dividend is payable on July 3, 2023, to stockholders of record on June 8, 2023. Brown-Forman has paid regular quarterly cash dividends for 79 years and has increased the cash dividend for 39 consecutive years.
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FAQ

What is Brown-Forman Corporation?

Brown-Forman Corporation is a leading independent, publicly-traded company that produces and markets well-known wines and spirits brands globally.

Where is Brown-Forman Corporation headquartered?

Brown-Forman Corporation is headquartered in Louisville, KY.

Which brands are part of Brown-Forman's portfolio?

Brown-Forman's portfolio includes famous brands like Jack Daniel's Tennessee Whiskey, Woodford Reserve, Old Forester, and more.

How many countries does Brown-Forman operate in?

Brown-Forman sells its products in more than 135 countries worldwide.

What percentage of Brown-Forman's sales come from the U.S. market?

Approximately 45% of Brown-Forman's sales come from the U.S. market.

Who controls the majority voting power at Brown-Forman?

The Brown family controls over 67% of the voting power at Brown-Forman.

How many employees does Brown-Forman have?

Brown-Forman employs approximately 4,000 people globally.

What is the main revenue category for Brown-Forman?

The main revenue category for Brown-Forman is whiskey, generating close to 70% of its revenues.

What are some of the key markets for Brown-Forman outside the U.S.?

Key markets for Brown-Forman outside the U.S. include Europe, Australia, and Latin America.

Does Brown-Forman focus on responsible business practices?

Yes, Brown-Forman is committed to sustainability and ethical practices as integral components of its corporate philosophy.

BF.B

NYSE:BF.B

BF.B Rankings

BF.B Stock Data

23.02B
303.42M
Wineries
Manufacturing
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United States of America
LOUISVILLE