Brown-Forman Corporation Class B (BF.B) has seen a fluctuation in stocks following their Q4 2024 Earnings report, with an initial boost due to beating of estimates but a subsequent dip in sales, causing the stock to fall on a YoY basis. Boosted by price hikes, the Jack Daniel's maker has declared a cash dividend and announced a $400 million share repurchase, which could stimulate investor interest and potentially rebound the stock. Ownership is roughly divided between individuals, who own 38% and institutions, which hold around 36%. Despite slow revenue growth and 3.1% fall since the last earning's report, Brown-Forman completed the acquisition of the Diplomático Rum brand in January 2023 and sold Sonoma-Cutrer Vineyards, moving forward with a productive restructuring. Named one of the '2024 World's Most Ethical Companies', Brown-Forman has been actively engaged in beneficial stakeholder actions in a bid to navigate a challenging financial environment. Significantly, they have partnered with The Coca-Cola Company to introduce Jack Daniel's® Tennessee Whiskey in a new venture.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 06 Jun 2024 16:52:00 GMT -
Rating 0
- Innovation 2
- Information 7
- Rumor -5
