Brown-Forman Corporation (NYSE: BF.A, BF.B) announced that its President and CEO Lawson Whiting, along with CFO Leanne Cunningham, will participate in the Barclays Global Consumer Staples Conference in Boston on September 7, 2022. The fireside chat is scheduled to start at 12:45 p.m. ET and will be available as a webcast on the Brown-Forman website. A replay will be accessible for at least 30 days post-event. With over 150 years in the beverage industry, Brown-Forman boasts a portfolio of renowned brands sold in over 170 countries.
Brown-Forman Corporation (NYSE: BFA, BFB) reported a robust first quarter for fiscal 2023, with net sales of $1.0 billion, an 11% increase year-over-year (17% organic). Operating income rose 19% to $343 million, while diluted EPS climbed 30% to $0.52. The Jack Daniel’s brand drove significant growth, contributing to double-digit sales increases across various categories. The company anticipates continued mid-single digit organic net sales growth for fiscal 2023, despite market uncertainties. Gross margin enhanced by 80 basis points to 61.8%, aided by favorable pricing and the removal of tariffs.
Brown-Forman Corporation (NYSE: BF.A, BF.B) is set to release its Q1 fiscal 2023 financial results on August 31, 2022, at 8:00 a.m. EDT. A conference call to discuss these results will follow at 10:00 a.m. EDT. Interested parties can access a live audio broadcast via Brown-Forman’s website, with a digital recording available two hours post-call and lasting for 30 days. Brown-Forman has over 150 years in the beverage alcohol industry, offering brands like Jack Daniel's and Woodford Reserve, supported by approximately 5,200 employees across 170 countries.
Brown-Forman Corporation held its annual stockholders' meeting, electing the recommended slate of directors and approving the 2022 Omnibus Compensation Plan. The Board confirmed a regular quarterly cash dividend of $0.1885 per share, payable on October 3, 2022, with a record date of September 6, 2022. The company has paid dividends for 78 consecutive years, increasing them for 38 years. CEO Lawson E. Whiting emphasized the company's focus on long-term growth, aiming for mid-single digit organic revenue growth and high-single digit operating income growth over the next decade.
Brown-Forman Corporation (BF.A, BF.B) and The Coca-Cola Company (KO) have announced a global partnership to launch a ready-to-drink (RTD) version of the classic Jack & Coke cocktail. This innovative product will combine Jack Daniel’s Tennessee Whiskey and Coca-Cola, aimed at providing convenience and consistency to consumers. The RTD is set to debut in Mexico in late 2022, with plans for a wider rollout. Both companies emphasize responsible marketing and adherence to legal drinking age guidelines in their promotional efforts.
Brown-Forman Corporation (NYSE: BF.A, BF.B) will participate in Deutsche Bank’s dbAccess Global Consumer Conference on June 16, 2022, in Paris. Leanne Cunningham, CFO, is scheduled to speak at 8:30 a.m. (CEST). The session will be available as a webcast on the company’s website. Attendees are advised to log in 10 minutes early. A replay will be accessible for at least 30 days post-event. With a rich history of over 150 years, Brown-Forman offers renowned brands like Jack Daniel’s and Woodford Reserve, supported by approximately 4,700 employees across 170 countries.
Brown-Forman Corporation (NYSE: BF.A, BF.B) reported a strong financial performance for the fourth quarter and fiscal year ending April 30, 2022. Q4 net sales rose 23% to $996 million, with operating income increasing 46% to $246 million. For the full year, net sales grew 14% to $3.93 billion, although diluted EPS fell 7% to $1.74 due to higher taxes. The success of Jack Daniel's Tennessee Whiskey and premium bourbons drove growth. The company returned $831 million to shareholders, including a special $1 per share dividend. Fiscal 2023 guidance anticipates mid-single-digit organic growth amid ongoing global challenges.
Brown-Forman Corporation (NYSE: BF.A, BF.B) has declared a regular quarterly cash dividend of $0.1885 per share for its Class A and Class B Common Stock. Eligible stockholders of record on June 8, 2022 will receive the dividend on July 1, 2022. With a history of 78 years of regular dividends and 38 consecutive years of increases, Brown-Forman continues to be a member of the S&P 500 Dividend Aristocrats index, reflecting its commitment to returning value to shareholders.
Brown-Forman Corporation (NYSE: BF.A, BF.B) will report its fourth quarter and fiscal year 2022 financial results on June 8, 2022, at 8:00 a.m. (EDT). A conference call to discuss these results will follow at 10:00 a.m. (EDT). Investors can access the live audio broadcast on Brown-Forman’s website or dial in using specific phone numbers for U.S. and international callers. The company has a long-standing reputation, selling premium beverage alcohol brands across over 170 countries.
Brown-Forman has welcomed the Biden Administration's tariff agreement with the United Kingdom, effective June 1, 2022, reinstating tariff-free trade for American whiskey. This follows the prior removal of EU tariffs on American whiskey on January 1, 2022. The company expressed gratitude to key officials for their roles in achieving this agreement, emphasizing the importance of the Transatlantic alliance for promoting the international growth of U.S. exports, particularly American-made whiskey.