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Brown-Forman Corporation (BF) maintains its position as a global leader in premium spirits through continuous innovation and heritage preservation. This news hub provides investors and industry professionals with essential updates about the Jack Daniel's producer's strategic initiatives and market performance.
Access official press releases, earnings disclosures, and analysis of Brown-Forman's operational developments. Our curated collection includes updates on product launches, distribution expansions, sustainability efforts, and leadership changes within the beverage alcohol sector.
Key information categories cover financial results, brand portfolio updates, production facility news, and regulatory compliance matters specific to the spirits industry. The content is organized to help stakeholders track Brown-Forman's progress in maintaining its 150-year legacy while adapting to modern market demands.
Bookmark this page for direct access to verified Brown-Forman communications and third-party analyses. Regular updates ensure you stay informed about the company's initiatives in whiskey production, international market growth, and premium brand management strategies.
Brown-Forman Corporation (NYSE:BFA,BFB) has announced the launch of its own distribution business in Italy, establishing direct control over its portfolio distribution to Italian consumers. The company's Italy headquarters will remain in Milan. Italy represents one of the top five spirits markets in the European Union, where Brown-Forman currently holds the No. 1 position in the premium+ spirits category by volume. Jack Daniel's leads the whiskey segment, while Gin Mare holds the #2 position in the super-premium gin category.
This strategic expansion adds Italy to Brown-Forman's direct distribution network in Europe, which includes Belgium, Czechia, France, Germany, Luxembourg, Poland, Slovakia, Spain, Türkiye, and the UK. The move aims to accelerate growth for super-premium brands like Diplomático Rum and Gin Mare while strengthening its American Whiskey portfolio presence.
Brown-Forman (NYSE: BFA, BFB) reported Q3 fiscal 2025 results with mixed performance. Third quarter reported net sales decreased 3% to $1.0 billion (+6% organic), while operating income fell 25% to $280 million (+23% organic). Year-to-date figures showed reported net sales down 4% to $3.1 billion (+2% organic) and operating income declining 13% to $902 million (+5% organic).
Key highlights include a gross margin contraction of 150 basis points due to higher costs and foreign exchange impacts, partially offset by favorable price/mix. The company recognized a $78 million gain from selling its stake in Duckhorn Portfolio. Despite challenges, Brown-Forman reaffirmed its fiscal 2025 outlook, projecting organic net sales and operating income growth of 2-4%.
The company maintained its position in the S&P 500 Dividend Aristocrats Index, declaring a quarterly dividend of $0.2265 per share, marking 81 consecutive years of quarterly dividends and 41 years of consecutive increases.
Brown-Forman (NYSE: BFA, BFB) has announced its participation in the UBS Global Consumer and Retail Conference in New York on March 12, 2025. President and CEO Lawson Whiting and EVP/CFO Leanne Cunningham will engage in a fireside chat starting at 8:00 a.m. (EDT).
The event will be accessible via live webcast on brown-forman.com under the Investors/Events & Presentations section, with a replay available for at least 30 days afterward.
The company, with a 150-year legacy in spirits, maintains a diverse portfolio including Jack Daniel's, Woodford Reserve, Herradura, and other premium brands. Brown-Forman employs approximately 5,400 people globally and distributes its products across more than 170 countries.
Brown-Forman (NYSE:BFA,BFB) has announced a new distribution partnership with Reyes Beverage Group (RBG) in California, effective May 1, 2025. The strategic decision follows a formal request for proposal process initiated in 2024 and aims to optimize growth in the largest U.S. spirits market.
RBG has been distributing Brown-Forman's Jack Daniel's & Coca-Cola Ready-to-Drink (RTD) cocktail in California since 2022. This new agreement expands the partnership to include Brown-Forman's full portfolio of legacy brands. The company currently distributes its remaining spirits in California through Republic National Distributing Company (RNDC), with whom they maintain partnerships across 23 other states.
Brown-Forman (NYSE: BFA, BFB) has declared a regular quarterly cash dividend of $0.2265 per share on its Class A and Class B Common Stock, payable on April 1, 2025, to stockholders of record on March 7, 2025.
The company, a member of the S&P 500 Dividend Aristocrats index, has maintained an impressive track record of paying regular quarterly cash dividends for 81 years and has increased the dividend for 41 consecutive years. Brown-Forman's portfolio includes premium brands such as Jack Daniel's, Woodford Reserve, and Herradura, among others, with operations spanning over 170 countries through approximately 5,400 employees worldwide.
Brown-Forman (NYSE: BFA, BFB) has announced it will release its third quarter and year-to-date fiscal 2025 financial results on March 5, 2025, at 8:00 a.m. (EST). The company will host a conference call to discuss the results at 10:00 a.m. (EST).
The event will be accessible through a live audio broadcast on the company's website via the Investors/Events & Presentations section. A digital recording will be available approximately two hours after the call's conclusion and remain accessible for at least 30 days.
Brown-Forman, with approximately 5,400 employees worldwide, distributes premium spirits brands including Jack Daniel's, Woodford Reserve, and Herradura across more than 170 countries.
Brown-Forman (NYSE:BFA,BFB) has announced major strategic restructuring initiatives to drive future growth. The company is implementing three key changes: restructuring its executive leadership team, reducing its global workforce by approximately 12% of 5,400 employees, and closing the Louisville-based Brown-Forman Cooperage by April 25, 2025.
The executive reorganization includes new appointments: Jeremy Shepherd as Chief Marketing Officer, Michael Masick as President Americas, Yiannis Pafilis as President Europe, Africa, Asia Pacific, and Chris Graven as Chief Strategy Officer. The cooperage closure will impact about 210 employees, with the company planning to source barrels externally.
These initiatives are expected to generate $70-80 million in annual cost savings, with some portion being reinvested for growth. The company will receive over $30 million from cooperage asset sales but expects to incur $60-70 million in severance and related costs.
Brown-Forman (NYSE: BFA, BFB) reported its fiscal 2025 second quarter and first half results. For Q2, net sales decreased 1% to $1.1 billion (+3% organic), operating income increased 1% to $341 million (+5% organic), and EPS rose 9% to $0.55. For the first half, net sales decreased 5% to $2.0 billion (flat organic), operating income fell 7% to $622 million (-3% organic), and EPS decreased 3% to $0.96. The declines were primarily due to the divestitures of Finlandia and Sonoma-Cutrer. Gross profit fell 8% (-4% organic) and gross margin contracted 240 basis points. Operating expenses declined 10% (-4% organic). The Board approved a 4% increase in the quarterly dividend to $0.2265 per share. Despite the challenging environment, the company reaffirmed its full-year growth outlook, expecting organic net sales and operating income growth in the 2-4% range.
Brown-Forman (NYSE:BFA, BFB) announced that Campbell P. Brown will step down as Chair of the Board of Directors in July, while continuing to serve as a Director. Marshall B. Farrer, a fifth-generation descendant of the company's founder, will assume the role of Chair, subject to reelection. During Brown's tenure, the company acquired Gin Mare and Diplomático Rum, and navigated through challenges including the pandemic, supply chain disruptions, and tariffs on American whiskey. Farrer, who joined the Board in 2016 and currently serves as Executive Vice President and Chief Strategic Growth Officer, will become the eleventh Brown family member and third fifth-generation family member to serve as Chair.
Brown-Forman (NYSE: BFA, BFB) announced a 4% increase in its quarterly cash dividend from $0.2178 to $0.2265 per share on Class A and Class B Common Stock. The annual cash dividend will increase from $0.8712 to $0.9060 per share, payable on January 2, 2025, to stockholders of record on December 6, 2024. This marks the company's 41st consecutive year of dividend increases and 81 years of regular quarterly cash dividends. The company is a member of the S&P 500 Dividend Aristocrats index.
