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Brown-Forman Corp (BFb.N)

BFb.N on New York Stock Exchange

66.14USD
19 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Brown-Forman And Unit Entered Into An Amended And Restated Five-Year Credit Agreement
Wednesday, 13 Nov 2019 

Nov 12 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN CORP - CO AND UNIT ENTERED INTO AN AMENDED AND RESTATED FIVE-YEAR CREDIT AGREEMENT ON NOVEMBER 10, 2017.BROWN-FORMAN CORP - CREDIT AGREEMENT WAS ORIGINALLY DUE TO EXPIRE NO LATER THAN NOVEMBER 10, 2022.BROWN-FORMAN CORP - EFFECTIVE NOVEMBER 10, 2019, CREDIT AGREEMENT IS NOW SCHEDULED TO TERMINATE ON NOVEMBER 10, 2023.BROWN-FORMAN CORP - ALL OTHER TERMS AND CONDITIONS OF CREDIT AGREEMENT REMAIN IN FULL FORCE AND EFFECT..  Full Article

Jack Daniel Says The Jack Daniel Distillery Introduces Jack Daniel's Tennessee Apple
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Brown-Forman Corp ::JACK DANIEL - THE JACK DANIEL DISTILLERY INTRODUCES JACK DANIEL'S TENNESSEE APPLE.  Full Article

Brown-Forman Q1 Earnings Per Share $0.39
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Brown-Forman Corp ::BROWN-FORMAN REPORTS FIRST QUARTER RESULTS; REAFFIRMS FULL YEAR GROWTH OUTLOOK FOR FISCAL 2020.Q1 SALES $766 MILLION VERSUS REFINITIV IBES ESTIMATE OF $773.1 MILLION.Q1 EARNINGS PER SHARE $0.39.Q1 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.Q1 RESULTS CAME IN LARGELY AS ANTICIPATED CONSIDERING YEAR-OVER-YEAR DRAG FROM TARIFFS AND TIMING OF CUSTOMER ORDERS.COMPANY IS REAFFIRMING ITS PRIOR FULL YEAR FISCAL 2020 GUIDANCE.TAKEAWAY TRENDS REMAIN HEALTHY IN MOST OF OUR MAJOR MARKETS GLOBALLY, WITH PARTICULARLY IMPROVING TRENDS IN UNITED STATES.BROWN-FORMAN - GROWING UNCERTAINTY IN GLOBAL ECONOMIC, GEOPOLITICAL ENVIRONMENT COMBINED WITH COMPETITIVE LANDSCAPE IN DEVELOPED WORLD COULD IMPACT FUTURE RESULTS.IN QUARTER, GROSS MARGINS, DOWN 330 BPS WERE AFFECTED BY TARIFFS AND RISING INPUT COSTS.  Full Article

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