Chambord

Brown-Forman Named One of the 2024 World's Most Ethical Companies

Retrieved on: 
Monday, March 4, 2024
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Brown-Forman (NYSE: BFA, BFB) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World’s Most Ethical Companies.

Key Points: 
  • Brown-Forman (NYSE: BFA, BFB) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World’s Most Ethical Companies.
  • “We are proud to be recognized as a World's Most Ethical Companies Honoree for the third year in a row,” said Lawson Whiting, President and CEO, Brown-Forman Corporation.
  • “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow.
  • To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at worldsmostethicalcompanies.com/honorees .

Brown-Forman Announces Investor Day Webcast

Retrieved on: 
Monday, March 4, 2024
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Brown-Forman Corporation (NYSE: BFA, BFB) today announced that it will host an investor conference in Louisville, Kentucky, on Wednesday, March 20, 2024, with presentations starting at 8:30 a.m. (EDT).

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) today announced that it will host an investor conference in Louisville, Kentucky, on Wednesday, March 20, 2024, with presentations starting at 8:30 a.m. (EDT).
  • A live webcast of the presentations along with a question and answer session with the company’s executive leaders will focus on Brown-Forman’s strategic priorities and long-term ambitions.
  • The webcast will be available via www.brown-forman.com , through a link to ‘Investors – Events & Presentations.’ Copies of the slides presented during the conference will also be available via the website.
  • Interested parties may register here to view the live webcast.

Brown-Forman Announces Launch of Distribution Business in Italy

Retrieved on: 
Friday, March 1, 2024
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Brown-Forman Corporation (NYSE:BFA,BFB), one of the largest American-owned spirits companies, announces today its plan to distribute its own brands in Italy, effective May 1, 2025.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB), one of the largest American-owned spirits companies, announces today its plan to distribute its own brands in Italy, effective May 1, 2025.
  • “We believe setting up our own distribution organization will enable the growth of our brands across all channels in Italy,” said Agnieszka Przybylek, General Manager, Brown-Forman Italy.
  • We believe that the creation of our own distribution business in this market will offer increased consumer focus and prioritization of our brands, empowered by a talented team,” said Yiannis Pafilis, EVP, President of Europe, Brown-Forman.
  • According to IWSR, Italy is among the top five spirits markets in the European Union (excluding the UK) and the leading market for Gin Mare globally.

Brown-Forman Commits Funds to Foundation and Dendrifund

Retrieved on: 
Friday, March 1, 2024
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Brown-Forman Corporation (NYSE:BFA, BFB) today announced a commitment of $22.5 million to support the efforts of the Brown-Forman Foundation and Dendrifund.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA, BFB) today announced a commitment of $22.5 million to support the efforts of the Brown-Forman Foundation and Dendrifund.
  • Additionally, the Dendrifund, a nonprofit sustainability seed fund jointly created by Brown-Forman and the Brown family, will receive a $2.5 million donation.
  • Dendrifund serves as a catalyst for collaborative efforts aimed at advancing sustainability within the whiskey industry.
  • Likewise, the ongoing support of Dendrifund underscores the importance the company places on sustainability and innovation within the spirits industry.

Brown-Forman Third Quarter Earnings Release and Conference Call Scheduled for March 6, 2024

Retrieved on: 
Tuesday, February 6, 2024
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Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2024 financial results on March 6, 2024, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST).

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2024 financial results on March 6, 2024, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST).
  • A live audio broadcast of the conference call will be available via Brown-Forman’s website, brown-forman.com , through a link to "Investors/Events & Presentations."
  • A digital audio recording of the conference call will be available on the website approximately two hours after the conclusion of the conference call.
  • Interested parties are also invited to join the conference call by registering for the call in advance here .

Brown-Forman Declares Cash Dividend

Retrieved on: 
Tuesday, January 23, 2024
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Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock.

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock.
  • The dividend is payable on April 1, 2024, to stockholders of record on March 8, 2024.
  • Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 80 years and has increased the cash dividend for 40 consecutive years.
  • Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide.

Brown-Forman Increases Cash Dividend for 40th Consecutive Year

Retrieved on: 
Thursday, November 16, 2023
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As a result, the indicated annual cash dividend will rise from $0.8220 per share to $0.8712 per share.

Key Points: 
  • As a result, the indicated annual cash dividend will rise from $0.8220 per share to $0.8712 per share.
  • The dividend is payable on January 2, 2024, to stockholders of record on December 1, 2023.
  • Brown-Forman’s President and Chief Executive Officer Lawson Whiting said, “We are proud to continue the long tradition of delivering excellent returns to our shareholders.
  • This marks the 40th consecutive year of dividend increases and reinforces our confidence in Brown-Forman's long-term growth outlook.”
    Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 80 years and has increased the cash dividend for 40 consecutive years.

Brown-Forman Second Quarter Earnings Release and Conference Call Scheduled for December 6, 2023

Retrieved on: 
Monday, November 6, 2023
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A live audio broadcast of the conference call will be available via Brown-Forman’s website, brown-forman.com , through a link to "Investors/Events & Presentations."

Key Points: 
  • A live audio broadcast of the conference call will be available via Brown-Forman’s website, brown-forman.com , through a link to "Investors/Events & Presentations."
  • A digital audio recording of the conference call will be available on the website approximately two hours after the conclusion of the conference call.
  • The replay will be available for at least 30 days following the conference call.
  • Interested parties are also invited to join the conference call by registering for the call in advance here .

Brown-Forman Completes Sale of Finlandia Vodka

Retrieved on: 
Wednesday, November 1, 2023
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Brown-Forman Corporation (NYSE:BFA,BFB) announced today that it has completed the sale of the Finlandia vodka brand to Coca-Cola HBC AG on November 1, 2023.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB) announced today that it has completed the sale of the Finlandia vodka brand to Coca-Cola HBC AG on November 1, 2023.
  • In June 2023, Brown-Forman disclosed it had reached an agreement to sell the brand for $220 million subject to adjustments related to inventory and other working capital items.
  • The sale of Finlandia vodka is another step in Brown-Forman’s long-term strategic ambition to premiumize its portfolio through brand innovation, acquisition, and divestiture.
  • Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide.

Brown-Forman Board Approves Share Repurchase Authorization of $400 Million

Retrieved on: 
Monday, October 2, 2023
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Brown-Forman Corporation (NYSE: BFA, BFB) announced that its Board of Directors has approved a $400 million share repurchase authorization, commencing October 2, 2023, through October 1, 2024, subject to market and other conditions.

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) announced that its Board of Directors has approved a $400 million share repurchase authorization, commencing October 2, 2023, through October 1, 2024, subject to market and other conditions.
  • This share repurchase program does not obligate the company to repurchase a minimum number of shares of Class A or Class B common stock, and this share repurchase program may be modified, suspended, or terminated by the company at any time without prior notice.
  • We always strive to deliver leading shareholder returns and believe this buyback authorization provides us the necessary flexibility to repurchase our shares when the market presents the right opportunity."
  • Important Information on Forward-Looking Statements:
    This press release contains statements, estimates, and projections that are “forward-looking statements” as defined under U.S. federal securities laws, including statements regarding the company’s planned share repurchase program.