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Brown-Forman Corp (BFb.N)

BFb.N on New York Stock Exchange

55.66USD
19 Jul 2019
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$-0.07 (-0.13%)
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Latest Key Developments (Source: Significant Developments)

Brown-Forman Reports Q4 Earnings Per Share $0.33
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS SOLID FISCAL 2019 RESULTS; PROVIDES SUSTAINED SALES GROWTH OUTLOOK FOR FISCAL 2020.Q4 EARNINGS PER SHARE $0.33.Q4 SALES $744 MILLION VERSUS REFINITIV IBES ESTIMATE OF $760.5 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.SEES 2020 UNDERLYING NET SALES GROWTH OF 5% TO 7%..SEES 2020 DILUTED EARNINGS PER SHARE OF $1.75 TO $1.85..ESTIMATES THAT NET SALES GROWTH IN Q4, FY WERE NEGATIVELY IMPACTED BY ONE PERCENTAGE POINT DUE TO TARIFF-RELATED LOWER NET PRICES.ASSUMING TARIFFS REMAIN IN PLACE FOR ALL OF FISCAL 2020.BROWN-FORMAN - TARIFFS, HIGHER INPUT COSTS WILL NEGATIVELY IMPACT GROSS MARGINS THIS YEAR.IN QUARTER, DELIVERED SOLID UNDERLYING NET SALES GROWTH OF 6% AFTER CONSIDERING ONE POINT DRAG DUE TO TARIFF-RELATED PRICE REDUCTIONS.BELIEVE ON TRACK TO RETURN TO HIGH SINGLE DIGIT OPERATING INCOME GROWTH AS WE MOVE BEYOND FISCAL 2020.BROWN-FORMAN-COMPETITIVE LANDSCAPE IN WORLD REMAINS INTENSE, RETALIATORY TARIFFS ON AMERICAN WHISKEY CREATED MORE UNCERTAINTY AROUND NEAR-TERM OUTLOOK.FY2020 EARNINGS PER SHARE VIEW $1.81 -- REFINITIV IBES DATA.BROWN-FORMAN - FISCAL 2019 JACK DANIEL'S FAMILY OF BRANDS GREW UNDERLYING NET SALES 4% GLOBALLY, WAS NEGATIVELY IMPACTED BY ABOUT 1% POINT DUE TO TARIFFS.  Full Article

Brown-Forman Sets Regular Quarterly Dividend Of $0.166/Share
Thursday, 23 May 2019 

May 23 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN DECLARES CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.166 PER SHARE.  Full Article

Brown-Forman Says Plans To Launch Its Third Flavor In Jack Daniel's Family Of Brands, Jack Daniel's Tennessee Apple - SEC Filing
Thursday, 25 Apr 2019 

April 25 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN SAYS PLANS TO LAUNCH ITS THIRD FLAVOR IN JACK DANIEL'S FAMILY OF BRANDS, JACK DANIEL'S TENNESSEE APPLE - SEC FILING.BROWN-FORMAN CORP - CO PLANS TO LAUNCH NEW FLAVOR IN UNITED STATES DURING COMPANY'S FISCAL YEAR ENDING APRIL 30, 2020.  Full Article

Brown-Forman Quarterly Earnings Per Share $0.47
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS SOLID YEAR-TO-DATE RESULTS; REAFFIRMS FULL YEAR OUTLOOK.Q3 SALES $904 MILLION VERSUS REFINITIV IBES ESTIMATE OF $914.2 MILLION.REAFFIRMS FULL YEAR OUTLOOK.SEES 2019 DILUTED EARNINGS PER SHARE OF $1.65 TO $1.75..QUARTERLY EARNINGS PER SHARE $0.47.RECENTLY ENACTED RETALIATORY TARIFFS ON AMERICAN WHISKEY HAVE CREATED ADDITIONAL UNCERTAINTY AROUND COMPANY'S NEAR-TERM OUTLOOK.Q3 EARNINGS PER SHARE VIEW $0.45 -- REFINITIV IBES DATA.BROWN-FORMAN - UNDERLYING Q3 NET SALES GROWTH NEGATIVELY IMPACTED BY 1 PERCENTAGE POINT DUE TO LOWER PRICES TO DISTRIBUTORS TO OFFSET INCREMENTAL TARIFFS COST.BROWN-FORMAN - REMAIN ON TRACK TO DELIVER STRONG YEAR AS COST DISCIPLINE HELPED OFFSET SOME OF BURDEN IN ABSORBING DUE TO RETALIATORY TARIFFS ON WHISKEY.BROWN-FORMAN SAYS "MEXICO REMAINED LARGEST GROWTH DRIVER".  Full Article

Brown-Forman Reports First Half Results In Fiscal 2019
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS SOLID FIRST HALF RESULTS IN FISCAL 2019; CONFIRMS FULL YEAR OUTLOOK.Q2 SALES $910 MILLION VERSUS REFINITIV IBES ESTIMATE OF $940 MILLION.Q2 EARNINGS PER SHARE $0.52.FY2019 EARNINGS PER SHARE VIEW $1.71, REVENUE VIEW $3.39 BILLION -- REFINITIV IBES DATA.ESTIMATES Q2 UNDERLYING NET SALES NEGATIVELY IMPACTED BY ABOUT 2 PERCENT POINTS PRIMARILY DUE TO TARIFF-RELATED INVENTORY REDUCTIONS.CURRENTLY ANTICIPATES UNDERLYING NET SALES GROWTH OF 6% TO 7% FOR FISCAL YEAR 2019.SEES FISCAL YEAR 2019 UNDERLYING OPERATING INCOME GROWTH OF 4% TO 6%.SEES FISCAL YEAR 2019 DILUTED EARNINGS PER SHARE OF $1.65 TO $1.75.RECENTLY ENACTED RETALIATORY TARIFFS ON AMERICAN WHISKEY HAVE CREATED ADDITIONAL UNCERTAINTY AROUND COMPANY'S NEAR-TERM OUTLOOK.FISCAL YEAR 2019 OUTLOOK FOR DILUTED EARNINGS PER SHARE ASSUMES TARIFFS REMAIN IN PLACE FOR FULL FISCAL YEAR."WHILE WE ARE LARGELY ABSORBING TARIFF COSTS DURING FISCAL 2019, WE ARE CONFIDENT IN LONG-TERM GROWTH POTENTIAL FOR OUR BRANDS".  Full Article

Brown-Forman Reports Q4 Earnings Per Share Of $0.23
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS STRONG FISCAL 2018 RESULTS; EXPECTS MOMENTUM TO CONTINUE IN FISCAL 2019.Q4 EARNINGS PER SHARE $0.23.Q4 SALES $733 MILLION VERSUS I/B/E/S VIEW $755.4 MILLION.Q4 EARNINGS PER SHARE VIEW $0.22 -- THOMSON REUTERS I/B/E/S.SEES 2019 UNDERLYING OPERATING INCOME GROWTH OF 7% TO 9%.SEES 2019 DILUTED EARNINGS PER SHARE OF $1.75 TO $1.85.SEES 2019 UNDERLYING NET SALES GROWTH OF 6% TO 7%.BROWN-FORMAN SAYS "COMPETITIVE LANDSCAPE IN DEVELOPED WORLD REMAINS INTENSE, NOT TO MENTION CONCERNS OVER POTENTIAL RETALIATORY TARIFFS ON AMERICAN SPIRITS".BROWN-FORMAN - Q4 OPERATING INCOME, EPS NEGATIVELY IMPACTED BY CREATION OF $70 MILLION CHARITABLE FOUNDATION, PHASING OF OPERATING EXPENSES.BROWN-FORMAN SAYS FACTORS INCLUDING POTENTIAL RETALIATORY TARIFFS ON AMERICAN SPIRITS MAKE IT DIFFICULT TO ACCURATELY PREDICT FUTURE RESULTS.FY2019 EARNINGS PER SHARE VIEW $1.82, REVENUE VIEW $3.46 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Brown-Forman Announces $600 Mln Debt Offering
Friday, 23 Mar 2018 

March 22 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN ANNOUNCES $600 MILLION DEBT OFFERING.BROWN-FORMAN CORP - ANNOUNCED PRICING OF A $300 MILLION 7-YEAR SENIOR UNSECURED NOTE AND A $300 MILLION 20-YEAR SENIOR UNSECURED NOTE.  Full Article

Brown-Forman reports Q2 earnings per share $0.62
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS STRONG FIRST HALF RESULTS; RAISES FULL YEAR OUTLOOK.Q2 EARNINGS PER SHARE $0.62.Q2 SALES $914 MILLION VERSUS I/B/E/S VIEW $871.5 MILLION.SEES FY 2018 EARNINGS PER SHARE $1.90 TO $1.98.Q2 EARNINGS PER SHARE VIEW $0.53 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.91 -- THOMSON REUTERS I/B/E/S.- INCREASED OUTLOOK FOR UNDERLYING NET SALES GROWTH TO 6% TO 7% FY 2018.  Full Article

BROWN-FORMAN INCREASES CASH DIVIDEND BY 8.2 PERCENT
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN INCREASES CASH DIVIDEND 8.2%.BROWN-FORMAN CORP - ‍INCREASED QUARTERLY CASH DIVIDEND ON ITS CLASS A AND CLASS B COMMON STOCK BY 8.2% TO 19 3/4 CENTS PER SHARE​.  Full Article

Brown-Forman says ‍on Nov 10, co, units entered into amended & restated 5-year credit agreement ​
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Brown-Forman Corp ::Brown-Forman says ‍on Nov 10, co, units entered into amended & restated 5-year credit agreement dated as of such date with certain lenders - SEC filing​.Brown-Forman Corp - ‍credit agreement amends and restates in its entirety company's existing five-year credit agreement dated as of November 18, 2011​.Brown-Forman Corp - credit agreement provides an $800 million, five-year unsecured revolving credit commitment‍​.  Full Article