Jim Cramer has characterized the recent financial reports from Brown-Forman Corporation Class B BF B as 'abysmal', pointing out a decline in Q4. Yet, despite this downturn, the company has reaffirmed its full year growth outlook during the report of its first half fiscal 2025 results. Notably, Jack Daniel's Tennessee Whisky is temporarily out of favor with consumers. The company has made a couple of strategic moves including the appointment of a new Chief Accounting Officer, purchasing Diplomático Rum brand, and announcing a series of beneficial stakeholder actions and a $400 million share repurchase. The company secured equity ownership in The Duckhorn Portfolio, Inc, after agreeing to sell Sonoma-Cutrer Vineyards. Amid these changes, it has consistently increased its cash dividend, currently doing so for the 40th consecutive year. Despite scrutiny and market fluctuations, some investors consider this dividend aristocrat a sound investment.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 30 Jan 2025 20:32:50 GMT -
Rating -2
- Innovation 4
- Information 8
- Rumor -3
