The Brown-Forman Corp. Class B has displayed significant market activity, with countless instances of underperforming. Nevertheless, the company's robust brand power remains intact and it continues rewarding shareholders by declaring cash dividends. The company, however, is grappling with a decline in whiskey and tequila sales, which are impacting their Q1 profit margin. A significant move made by the company was the acquisition of Diplomático Rum brand early this year. Other strategic decisions include announcing a hefty $400 million share repurchase plan. Amid frequent stock price fluctuations and underperformance, the corporation made changes in international and European leadership. Moreover, despite challenges, Brown-Forman announced a stellar double-digit net sales growth in the first half of the year and has raised the full year outlook. Decisive actions include agreeing to sell Sonoma-Cutrer Vineyards and securing equity ownership in The Duckhorn Portfolio, Inc. As market anticipates the Q2 earnings report, analysts estimate a decrease in earnings. Yet, in spite of the fluctuating performance, Brown-Forman managed to increase their cash dividend for the 39th consecutive year.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Fri, 01 Nov 2024 22:08:00 GMT - Rating -3 - Innovation -5 - Information 8 - Rumor -5
