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Brown-Forman Corporation reports developments across its global spirits business, including financial results, distributor relationships, ready-to-drink and flavored malt beverage arrangements, and brand portfolio activity. Its recurring updates cover brands such as Jack Daniel’s Family of Brands, Woodford Reserve, Old Forester, New Mix, el Jimador, Herradura, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Gin Mare, Fords Gin, Chambord, and Slane.
Company news also includes executive appointments, conference participation, operational efficiency initiatives, and changes in U.S. distribution for state-managed distilled spirits markets. These releases connect Brown-Forman’s beverage alcohol portfolio with sales channels, consumer product categories, and corporate governance matters.
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.
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.
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