The Brown-Forman Corporation Class B (BF.B) has experienced a mixture of ups and downs. This started with a significant fall due to slow growth in revenue. The company was also impacted by drops in sales and earnings. However, the renowned Jack Daniel's owner has made strategic moves to propel their long-term outlook. One of these was the acquisition of the Diplomatico Rum brand.
Nonetheless, their quarterly revenue estimates failed, leading to a decrease in stock prices. The corporation did not remain down and continuously oscillated between underperformance and outperformance in the market. They were also bolstered by increased dividends for the 39th consecutive year, and attracting new director elections. Recently, they approved a series of stakeholder benefiting actions and agreed to sell Sonoma-Cutrer Vineyards while securing equity ownership in The Duckhorn Portfolio Inc.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 03 Oct 2024 21:09:00 GMT - Rating -3 - Innovation 4 - Information 5 - Rumor -2
