Brown-Forman
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29 марта, 20:18

Is The Market Pricing Brown-Forman Fairly?

Brown-Forman Corporation (NYSE: BF.B), the largest American-owned spirits and wine company with a global reach, is best known for manufacturing Jack Daniel’s Tennessee Whiskey, which is the fourth-largest spirits brand of any kind and the largest American whiskey brand in the world....

09 марта, 20:00

Jack Daniel's Warns It Could Become "An Unfortunate And Unintended Victim" Of Trump's Tariffs

The maker of Jack Daniel's Tennessee Whiskey is emerging as an unlikely opponent of President Trump's protectionist tilt. During a phone call with analysts on Wednesday, Paul Varga the chief executive of Brown-Forman Corp. confirmed that the European Union's threats of retaliatory tariffs against "distinctly American products" is rattling leaders of the American business community. Brown-Forman, the maker of Jack Daniels Tennessee Whiskey, could become "an unfortunate and unintended victim of the policy," Varga warned. "The overwhelming majority of our products are made here in America and over the last few years, I'd just cite, we've been investing heavily in our American manufacturing expansion." After Trump surprised markets by announcing his plans to impose the aluminum and steel tariffs late last week, the EU fired back on Monday by threatening to impose tariffs on (a relatively modest) €2.8 billion ($3.5 billion) of American goods, with Brussels aiming to apply a 25% tit-for-tat levy on a range of consumer, agricultural and steel products imported from the US. The list of targeted US goods includes motorcycles, jeans and bourbon whiskey, and was intended to send a political message to Washington about the potential domestic economic costs of making good on the president’s threat. As Bloomberg points out, Jack Daniel's anxieties are an example of how the tariffs could impact US industries that don't directly rely on imports of aluminum and steel. And as BBG reminds us, this isn’t the first time that the maker of Jack Daniel’s and Woodford Reserve bourbon has been pulled into the political fray. In 2014, the company found itself in the middle of a spat between the US and Russia. Varga assured analysts that his company is speaking up about the potential threat to its business. "It’s not new to Brown-Forman to periodically have things in the macroenvironment arise," Varga said. "We’re going to monitor the potential for retaliatory tariffs closely. And of course, we’re sharing our point of view in Washington, as well."  In the meantime, Varga can hopefully take some comfort in the fact that, should a "hot" trade war erupt, the US is considerably less exposed than other G-10 economies, as the chart below shows:  

08 марта, 12:28

Виски Jack Daniel’s стал жертвой торговой политики Трампа

Компания Brown-Forman Corp., производящая виски Jack Daniel’s, резко раскритиковала идею введения президентом США Дональдом Трампом пошлин на импорт стали и алюминия. Корпорация опасается ответных мер со стороны Евросоюза. Об этом сообщает Лента.ру со ссылкой на […]

08 марта, 12:04

Jack Daniel’s стал жертвой торговой политики Трампа

Компания, производитель виски Jack Daniel’s, резко раскритиковала идею введения президентом США Дональдом Трампом пошлин на импорт стали и алюминия. В Brown-Forman Corp. опасаются ответных мер Евросоюза, который пообещал установить ответные тарифы, в частности, на ввоз в ЕС бурбона.

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07 марта, 23:26

Brown-Forman stock price target cut to $56 from $65 at CFRA

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07 марта, 22:47

Brown-Forman (BF.B) Q3 Earnings & Sales Beat, Revises View

Brown-Forman Corporation (BF.B) delivered robust third-quarter fiscal 2018, wherein both earnings and sales topped estimates.

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07 марта, 18:17

Brown-Forman (BF.B) Q3 Earnings Beat, Implements Stock Split

Brown-Forman Corporation (BF.B) reported third-quarter fiscal 2018 results, wherein adjusted earnings of 44 cents rose 15.8% year over year and came ahead of the Zacks Consensus Estimate of 41 cents.

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07 марта, 15:51

Brown-Forman sees 2018 sales growth 6%-7%; FactSet consensus of $3.24 bln implies 8.1% rise

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07 марта, 15:49

Brown-Forman Q3 net sales $878 mln vs. $808 mln; FactSet consensus $868 mln

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07 марта, 15:48

Brown-Forman Q3 FactSet EPS consensus 41 cents

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07 марта, 15:48

Brown-Forman Q3 EPS reduced by 5 cents by recent tax legislation

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07 марта, 15:46

CORRECT: Brown-Forman Q3 EPS 39 cents vs. 38 cents a year ago

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05 марта, 18:15

Brown-Forman (BF.B) Q3 Earnings: Is Beat in Store Again?

Brown-Forman Corporation (BF.B) is set to report third-quarter fiscal 2018 results on Mar 7, before the market opens.

15 февраля, 17:56

Brown-Forman Looks Bullish: Will the Rally Continue in 2018?

Brown-Forman (BF.B) is witnessing spectacular growth lately on the back of a robust surprise trend and favorable outlook for fiscal 2018.

05 февраля, 18:10

Church & Dwight (CHD) Beats on Q4 Earnings, Guides for FY18

Church & Dwight Company (CHD) posted mixed fourth-quarter 2017 results, wherein earnings topped estimates while sales lagged. However, both top and bottom lines grew year over year.

01 февраля, 19:15

U.S. distilled spirit sales and exports rise to record high in 2017

Spirits companies sold 4 percent more liquor in the United States in 2017, hitting a record $26.2 billion, fueled by high-end brown liquor and a big thirst for Tequila and Vodka, an industry group said. The Distilled Spirits Council, which represents companies such as Diageo PLC, Pernod Ricard SA and Brown-Forman Corp, said volumes rose 2.6 percent to 226 million 9-liter cases, reflecting millennials' taste for high-end and super-premium blended scotch and whiskey products. The spirits companies also exported a record $1.63 billion of U.S. spirits, a 14.3 percent rise over the prior year, led by growing taste for American spirits in the UK, Germany and Brazil.

30 января, 17:47

Can Tyson Foods Investment in Memphis Meats Help Aid Growth?

Tyson Foods(TSN) invests in Memphis Meats, which concentrates on developing ways to produce cultural meat directly from animals' cells without killing them.

29 января, 16:20

Diageo (DEO) 1H18 Interim Earnings & Sales Up Year Over Year

Diageo's (DEO) 1H18 pre-exceptional earnings gain from increased organic operating profit and reduced finance costs. Management reiterates guidance.