Tag Archives: Brown-Forman

Brown-Forman hails full-year 2018 results as sales grow 8%

U.S.-based spirits firm Brown-Forman Corp said that sales for its full-year results ended April 30, 2018 grew by 8% to $3.2bn. The fourth quarter alone saw growth of 6% to $733m.

The firm best known for its whiskey and bourbon brands, Jack Daniel’s and old Forester said that the recent U.S. tax reform in the third quarter and the creation of a $70m charitable foundation in the fourth quarter had an adverse impact on 2018 earnings. It also notes that the phasing of expenses in the fourth quarter negatively impacted results, while full year net sales benefited by one percentage point from foreign exchange and one percentage point from estimated net changes in distributor inventories.

Brown-Forman sustains momentum as nine months sales rise 9%

Brown-Forman Corp, the US-based spirits firm behind such brands as Jack Daniel’s whiskey, Woodford Reserve and Old Forester bourbon reported its nine months results through 31 January 2018 on Wednesday, with the Louisville, Kentucky based firm posting a 9% revenue growth to $2.5bn. In the third quarter alone, sales rose 9% to $878m.

Emerging markets growth lifts Brown-Forman’s Q1 results

American spirit firm Brown-Forman Corp reported a 9% sales growth for the first quarter ended 31 July 2017. Revenue rose to $723m from $661m in the previous year.

The company credits its success to continued improvement in emerging markets, driven by improving consumer demand in a more stable exchange rate environment. The company’s two largest emerging markets, Mexico and Poland reported double-digit gains of 27%, fueled by strong growth of its Jack Daniel’s family of brands.

Brown-Forman ends year with lower sales

American spirits firm Brown-Forman Corp on Wednesday reported its full-year results for the year ending 30 April 2017. The company said that full-year revenue declined 3% to $3.9bn, from $4bn a year earlier, with the spirits maker experiencing a sharp decline of 5% in the fourth quarter compared to 4% in the third quarter.

Brown-Forman says it ‘is not for sale’

Brown-Forman Corp, the U.S.-based spirits firm behind such brands as Jack Daniel’s Tennessee whiskey, Woodford Reserve among others confirmed on Thursday that it ‘is not for sale’.

A story that broke on Tuesday and first reported by CNBC had said that Brown-Forman was approached by New York-based Constellation Brands, a beer, wine and spirits firm with offer to acquire Brown-Forman but was rebuffed by the firm.

Rumours swirl over Brown-Forman, Constellation Brands tie-up

U.S. spirits firm Brown-Forman Corp has declined to comment on a story first reported by CNBC late on Tuesday, that “people with knowledge of the matter” said that Constellation Brands “has made an approach to acquire” Brown-Forman.

However, a spokesperson for Brown-Forman said, “As a matter of corporate policy, we don’t comment on market rumours or speculation.

FX headwinds continue to be a drag on Brown-Forman’s earnings in Q3

American spirits maker Brown-Forman Corp, on Tuesday reported a 4% drop in third quarter net income to $182m, continuing a downward trend that has been going on since the first quarter.

The maker of Jack Daniel’s Tennessee Whiskey said that its profit was dragged down by lost revenue from the sale of two brands – Southern Comfort and Tuaca in January 2016. The company also cites unfavourable foreign exchange translations in emerging markets as a reason for the poor earnings. The company makes 60% of its revenue from overseas markets.

Brown-Forman posts slightly lower sales and profit in Q2 amid currency headwinds

U.S. spirits maker Brown-Forman Corp on Wednesday reported a 2.8% revenue decline in the second quarter and 4% drop for the half-year, citing the sale of two liquor brands, Southern Comfort and Tuaca, as well as adverse currency conditions for the shortfall.

Spirit companies launch new Alcohol information Partnership (AIP)

The world’s biggest spirit companies this week gathered in London to help launch The Alcohol Information Partnership (AIP), whose aim is to ensure the debate around alcohol and its misuse remains balanced.

Brown-Forman reports revenue and profit decline in Quarter 1

Brown-Forman Corp, maker of Jack Daniels whiskey, Woodford Reserve, Gentleman Jack, among others said on Wednesday that revenue for the first quarter fell 5% to $661m.

The company blamed the drop in sales on foreign exchange headwinds in emerging markets and the disposal of two of its brands, Southern Comfort and Tuaca during the period under review.