Brown-Forman Corporation Class B (BF.B) has recently been experiencing a mixed bag in terms of performance. Amidst reports of slow revenue growth, the company has announced that it has completed the sale of Sonoma-Cutrer Vineyards and the acquisition of Diplomático Rum Brand. This shows a shift in their portfolio concentration. The firm further declared a cash dividend and a $400 Million share repurchase, indicating their confidence in company’s stability. However, BF.B's stocks have showcased a fluctuating performance, with instances of both underperforming and outperforming the market. In terms of growth catalysts, they have launched their own distribution businesses in Italy and Slovakia. Brown-Forman has pledged funds to the foundation and Dendrifund showcasing its commitment towards social responsibility and sustainability. The report also indicates a change in CFO leadership signaling a possible change in their financial strategies. The company has been able to deliver strong year-to-date net sales growth despite the slow growth in revenues. The 39th consecutive increase in cash dividend instills confidence regarding consistent returns for shareholders.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 18 Jul 2024 21:09:00 GMT - Rating -1 - Innovation 2 - Information 5 - Rumor 1
