Brown-Forman Corporation (BF-B) has maintained its status as a dividend aristocrat, lengthening its 81-year dividend streak. However, the company recorded a downturn in the Q4 performance with Jim Cramer labeling the financials 'abysmal'. This comes after changes in management, with the appointment of a new Chief Accounting Officer and election of Directors. Despite facing tough times, analysts count it as one of the best alcohol stocks in the market. The company, known for the Jack Daniel's Tennessee Whiskey, has seen a temporary decrease in favorability. It has recently also suffered a dip in overall sales and earnings. However, Brown-Forman remains optimistic, reaffirming its full-year growth outlook and continuing to report strong net sales growth. Significant corporate actions such as the purchase of the Diplomático Rum Brand, sale of Cooperage in Alabama, and the sale of Sonoma-Cutrer Vineyards reflect the firm's strategic maneuvers. Notably, the company's view on its long-term outlook remains solid.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 20 Feb 2025 21:01:00 GMT -
Rating -2
- Innovation -1
- Information 5
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