Brown-Forman Corp

BF.A

Equity

ISIN US1156372096 / Valor 914431

New York Stock Exchange, Inc (2024-11-21)

USD 40.15+0.98%

Brown-Forman Corp
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About company

Brown-Forman Corp is a global spirits and wine company with corporate offices and production facilities in over 50 cities worldwide. The company is known for its portfolio of well-known brands, including Jack Daniel's, Woodford Reserve, and Finlandia Vodka. With a focus on premium products and a strong presence in the global market, Brown-Forman Corp has established itself as a leader in the alcoholic beverage industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Decline

Brown-Forman Corp reported a decrease in net sales for the fourth quarter of fiscal year 2024. The company's net sales fell by 8% to $1.0 billion compared to the same period in the previous year. On an organic basis, the decline was 5%.

Operating Income Increase

Despite the decline in net sales, Brown-Forman Corp saw a significant increase in operating income for the fourth quarter of fiscal year 2024. The reported operating income rose by 26% to $375 million, although it decreased by 16% on an organic basis.

Earnings Per Share Growth

Brown-Forman Corp experienced a notable rise in diluted earnings per share for the fourth quarter of fiscal year 2024. The diluted earnings per share increased by 31% to $0.56, reflecting the company's ability to manage costs and improve profitability despite lower sales.

Full-Year Financial Performance

For the full fiscal year 2024, Brown-Forman Corp's net sales decreased by 1% to $4.2 billion. However, the company's operating income for the year increased by 25% to $1.4 billion, and diluted earnings per share grew by 32% to $2.14, indicating strong overall financial performance.

Dividends and Share Repurchase

In fiscal year 2024, Brown-Forman Corp returned a total of $804 million to its stockholders. This included $404 million in regular quarterly dividends and $400 million through its share repurchase program, demonstrating the company's commitment to delivering value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-33.4%1Y

-42.7%3Y

-36.6%5Y

Performance

25.5%1Y

24.6%3Y

28.4%5Y

Volatility