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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 (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.
Brown-Forman (NYSE: BFA, BFB) has announced it will release its second quarter and first half fiscal year 2025 financial results on December 5, 2024, at 8:00 a.m. (EST). A conference call to discuss the results will follow at 10:00 a.m. (EST). The company will provide a live audio broadcast via their website, with a digital recording available for at least 30 days afterward. Brown-Forman manages a portfolio of premium spirits brands including Jack Daniel's, Woodford Reserve, and Herradura, employing approximately 5,700 people worldwide and distributing products in over 170 countries.
Brown-Forman (NYSE: BFA, BFB) announced that CEO Lawson Whiting will participate in TD Cowen's 2nd Annual Sip, Snack & Scrub Summit on September 17, 2024. The virtual 'fireside chat' will begin at 11:00 a.m. (EDT) and will be available as a webcast on the company's website. A replay will be accessible for at least 30 days following the event.
Brown-Forman, with a 150-year history in building exceptional spirits brands, boasts a portfolio including Jack Daniel's, Woodford Reserve, Herradura, and Diplomático Rum. The company employs approximately 5,700 people worldwide and distributes its premium beverages in more than 170 countries.
Brown-Forman reported its Q1 fiscal 2025 results, with net sales decreasing 8% to $1.0 billion and operating income down 14% to $281 million. Despite challenges, the company reaffirmed its full-year fiscal 2025 guidance, expecting organic net sales and operating income growth of 2% to 4%. Key highlights include:
- Diluted earnings per share decreased 14% to $0.41
- Gross profit declined 13% with a 330 basis point margin reduction
- Operating expenses decreased by 12%
- Whiskey net sales decreased 5%, Tequila portfolio declined 23%
- U.S. net sales declined 5%, Developed International markets down 9%
- The company declared a quarterly cash dividend of $0.2178 per share
Brown-Forman remains confident in its strategy to navigate the challenging consumer and cost environment.
Brown-Forman (NYSE: BFA, BFB) announced that President and CEO Lawson Whiting and EVP and CFO Leanne Cunningham will participate in a "fireside chat" at the Barclays Global Consumer Staples Conference in Boston on September 4, 2024. The event starts at 12:45 p.m. (ET) and will be available as a webcast on the company's website, with a replay accessible for at least 30 days.
Brown-Forman, with a 150-year history in premium spirits, boasts a portfolio including Jack Daniel's, Woodford Reserve, and Herradura. The company employs approximately 5,700 people worldwide and distributes its products in over 170 countries.
BetterInvesting Magazine has announced Cognizant Technology Solutions Corp. (NASDAQ: CTSH) as its 'Stock to Study' and Brown-Forman Corp. (NYSE: BFB) as its 'Undervalued Stock' in the November 2024 issue. The announcement, made by the Editorial Advisory and Securities Review Committee, is intended for investors' informational and educational use.
The magazine emphasizes the importance of long-term investing, quoting NAIC founder George A. Nicholson Jr. CFA on the profitability of investing in companies with growing earnings over a five-year period. Investors are encouraged to use BetterInvesting's online tools to analyze these stocks, with non-members having access to a trial version.
The committee stresses that these selections are not endorsements or purchase recommendations, urging investors to conduct their own research using tools like the Stock Selection Guide before making investment decisions.
Brown-Forman (NYSE: BFA, BFB) has announced the release of its first quarter fiscal year 2025 financial results on August 29, 2024, at 8:00 a.m. (EDT). This will be followed by a conference call at 10:00 a.m. (EDT) to discuss the results. Investors and interested parties can access a live audio broadcast of the call via the company's website, brown-forman.com, under the 'Investors/Events & Presentations' section. A digital audio recording will be available on the website approximately two hours after the call concludes and will remain accessible for at least 30 days. Participants can also register in advance to join the conference call.
Brown-Forman (NYSE: BFA, BFB) held its annual stockholders meeting, where shareholders elected the recommended slate of directors and ratified Ernst & Young LLP as the company's independent auditor for fiscal year 2025. W. Austin Musselman Jr., a fifth-generation descendant of the founder, was elected to the Board of Directors. He joins three other fifth-generation family members on the board.
The Board of Directors approved a regular quarterly cash dividend of $0.2178 per share on Class A and B Common Stock, payable on October 1, 2024, to stockholders of record on September 3, 2024. Brown-Forman, a member of the S&P 500 Dividend Aristocrats index, has paid regular quarterly dividends for 80 consecutive years and increased them for 40 consecutive years.
