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Producer and marketer of premium and super-premium spirits
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In short: Brown-Forman rejected a $15 billion Sazerac takeover bid and announced CEO Lawson Whiting's retirement as sales growth slowed.
Net sales decreased 1% to $911 million while diluted EPS increased 6% to $0.38. The company maintains a flat organic sales expectation for the full fiscal year despite challenging market conditions.
The Board, with support from the Brown family majority shareholders, concluded the proposal does not align with long-term value creation.
The Board initiated a search for his successor and reiterated fiscal 2027 outlook.
Net sales decreased 1% to $3.9 billion, while operating income fell 10% and cash flow from operations grew $402 million.
Brown-Forman stock (ISIN US1170431092) is trading higher on September 15, 2026 as investors react to renewed optimism in the ...
After President Trump imposed tariffs on Canadian goods last year, Canadian leaders restricted the...
It struck a deal to pay $220m for Finlandia and Brown-Forman Finland, the subsidiary housing the brand. "Brown-Forman adds Switzerland to Coca-Cola HBC tie-ups" was...
Brown-Forman (NYSE: BF.B) CEO Lawson E. Whiting announced his retirement as the company faces weaker...
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