64.04 0.00 (0.00%)
After hours: 4:18PM EDT
|Bid||64.05 x 800|
|Ask||63.83 x 900|
|Day's Range||63.69 - 64.71|
|52 Week Range||44.68 - 72.85|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||37.23|
|Forward Dividend & Yield||0.70 (1.09%)|
|Ex-Dividend Date||Jun 05, 2020|
|1y Target Est||61.53|
Brown-Forman (BF.B) witnesses headwinds in on-premise sales due to the closure of bars and restaurants, owing to the coronavirus pandemic. The off-premise and e-premise channels come to its rescue.
Constellation Brands inks a splashy deal with a well known, up and coming wine brand. Yahoo Finance speaks to the two people behind the transaction.
Brown-Forman (BF.B) agrees to sell Early Times, Canadian Mist and Collingwood brands, and the Canadian Mist production assets to Sazerac in a bid to focus on core brands.
The COVID-19 pandemic has brought more attention to consumer staples stocks such as Brown-Forman (NYSE: BF.A) (NYSE: BF.B), as prolonged lockdowns led to a massive surge in off-premise alcohol sales. Brown-Forman stock recovered some of its losses beginning in mid-March, so investors have already missed the opportunity to buy at a low. Now, investors must consider whether Brown-Forman is still a worthwhile investment at a higher price.
Liquor company Brown-Forman announced that it is selling its Canadian Mist, Collingwood and Early Times whiskeys, furthering its push to concentrate just on its top brands. Privately-held Sazerac Company will be purchasing the three brands. "We are delighted to acquire such iconic brands as well as the Canadian Mist Distillery," said Mark Brown, President and Chief Executive Officer, Sazerac Company.
Brown-Forman (NYSE: BF.A)(NYSE: BF.B) continues to whittle down its spirits portfolio to concentrate on just the top brands. Today, it announced it is selling its Canadian Mist, Collingwood, and Early Times whiskeys. Privately held Sazerac will acquire the brands for an undisclosed sum.
Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that Jim O’Malley, Senior Vice President and Director, Global Government Relations and Corporate Affairs, will retire from Brown-Forman on December 31. Jim Perry, Senior Vice President, Managing Director, Latin America Region, will succeed O’Malley as Senior Vice President and Director, Global Public Affairs, effective August 1, 2020.
Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that it has reached an agreement to sell the Early Times, Canadian Mist, and Collingwood brands, and the Canadian Mist production assets, to Sazerac Company.
Brown-Forman (NYSE: BFA)(NYSE: BFB) announced today an organizational structure change within its international business - the creation of Brown-Forman Europe and Brown-Forman Emerging International -- with the overall goal of unlocking growth potential for markets, brands, and people.
Jack Daniel's Whiskey owner Brown-Forman (NYSE: BF.A)(NYSE: BF.B) said strong off-premise sales and bourbon's continued popularity salvaged what could have turned into a disastrous year. The distiller said fiscal 2019 fourth-quarter sales fell 5% from the year-ago period to $709 million, a 10% drop on an underlying basis, which accounts for acquisitions and divestitures, currency fluctuations, and distributor inventory adjustments. The pandemic crushed on-premise sales at places like restaurants and bars, which represent about 20% of Brown-Forman's revenue, along with travel-related sales.
The spirits maker reported April-quarter earnings of 27 cents a share, just a cent below Wall Street’s consensus estimate, and down from 33 cents a share the year prior.
Brown-Forman's (BF.B) fourth-quarter fiscal 2020 results reflect the impacts of the coronavirus pandemic, which affects on-premise and Travel Retail channels.
Shares of Brown-Forman Corp. edged up 0.4% in premarket trading Tuesday, after the parent of alcoholic beverage brands including Jack Daniel's, Finlandia and Korbel reported a fiscal fourth-quarter profit that missed expectations, while sales fell less than forecast helped by "strong growth" in off-premise and e-premise sales. Net income fell to $128 million, or 27 cents a share, from $159 million, or 33 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 28 cents. Sales dropped 5% to $709 million, but was above the FactSet consensus of $682 million. The company said the COVID-19 pandemic started negatively affecting business in mid-March, as on-premise sales, which represent about 20% of its business, and travel retail sales "essentially came to a halt." For fiscal 2020, whiskey sales grew 3%, with Jack Daniel's sales up 1%; premium bourbon brands underlying sales grew in the double-digit percentage range and tequila sales rose 5%. The company is not providing fiscal 2021 financial guidance given uncertainties related to the COVID-19 pandemic. The stock has gained 0.5% year to date through Monday, while the S&P 500 edged up 0.1%.
Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its fourth quarter and fiscal year ended April 30, 2020. For the fourth quarter, the company’s reported net sales1 declined 5% to $709 million (-10% on an underlying basis2) compared to the same prior-year period. Reported operating income decreased 18% to $187 million (-27% on an underlying basis) and diluted earnings per share declined 20% to $0.27.
Chewy, Adobe, Lululemon, Brown-Forman and other companies report earnings this week. Plus, FOMC monetary policy decision, inflation data, and sentiment indicators.
Brown-Forman (BF.B) Q4 results are expected to reflect softness in its Travel Retail business in Asia, disruptions in international markets and uncertainty in global markets due to the pandemic.
The distiller has been hard hit by the closure of restaurants and bars, and one analysts thinks it won't bounce back quickly even after they reopen.
Brown-Forman Corporation’s (NYSE: BFA) (NYSE: BFB) Board of Directors declared a regular quarterly cash dividend of $0.1743 on its Class A and Class B common Stock. Stockholders of record on June 8, 2020, will receive the cash dividend on July 1, 2020.