Brown-Forman (BF.B) Q3 Earnings Beat, Stock Down on Sales Miss [Yahoo! Finance]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
Company Research
Source: Yahoo! Finance
Meanwhile, sales missed the Zacks Consensus Estimate and declined year over year. In the fiscal third quarter, earnings per share (EPS) of 60 cents rose 186% year over year and beat the Zacks Consensus Estimate of 56 cents. Net sales of $1.069 billion missed the Zacks Consensus Estimate of $1.126 billion. The top line declined 1% year over year on a reported basis. On an organic basis, net sales were down 2% from the prior-year level. Shares of Brown-Forman lost 4.9% in the pre-market trading session on Mar 6, owing to the soft top-line performance and a lowered view for fiscal 2024. The Zacks Rank #4 (Sell) company's shares have gained 11.5% in the past three months compared with the industry's growth of 0.2%. Image Source: Zacks Investment Research Q3 in Detail In third-quarter fiscal 2024, Brown-Forman's gross profit of $635 million increased 2% year over year on both reported basis and 5% on an organic basis. The gross margin expanded 170 basis points to 59.4%. The gro
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News
- Brown-Forman Fourth Quarter Earnings Release and Conference Call Scheduled for June 5, 2024Business Wire
- Brown-Forman Announces Emerging International Leadership Change [Yahoo! Finance]Yahoo! Finance
- Brown-Forman Announces Emerging International Leadership ChangeBusiness Wire
- Brown-Forman Completes Sale of Sonoma-Cutrer VineyardsBusiness Wire
- The Duckhorn Portfolio Closes Acquisition of Sonoma-Cutrer Vineyards [Yahoo! Finance]Yahoo! Finance
BF.A
Sec Filings
- 5/8/24 - Form 8-K
- 5/2/24 - Form 3
- 5/2/24 - Form 4
- BF.A's page on the SEC website