Brown-Forman Corp

BF.B

Equity

ISIN US1156372096 / Valor 914425

New York Stock Exchange, Inc (2024-11-20)

USD 40.30+0.20%

Brown-Forman Corp
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About company

Brown-Forman Corporation is a prominent player in the global beverage alcohol industry, with a diversified portfolio that includes some of the most well-known wine and spirit brands. The company operates on a global scale, with corporate offices and production facilities spread across more than 50 cities worldwide. This extensive operational footprint allows Brown-Forman to serve a wide range of markets, catering to diverse consumer tastes and preferences. The company's business encompasses the production, marketing, and sale of its brands, which likely include premium bourbons, whiskies, tequilas, and wines, although specific brands are not mentioned in the source. Brown-Forman's strategic positioning and international presence have made it a key player in the beverage alcohol sector, contributing to its reputation and financial performance in the competitive market.

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 reported a 25% increase in operating income to $1.4 billion and a 32% rise in diluted earnings per share to $2.14, indicating strong overall financial performance.

Dividends and Share Repurchase

During fiscal year 2024, Brown-Forman Corp returned $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

-31.7%1Y

-46.4%3Y

-39.9%5Y

Performance

26.5%1Y

24.6%3Y

27.6%5Y

Volatility