Jack Daniel's maker Brown-Forman profit beats, flags tariff worries [Reuters]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
Company Research
Source: Reuters
Jack Daniel's maker Brown-Forman profit beats, flags tariff worries | Reuters Reuters Staff 2 Min Read (Reuters) - Brown-Forman Corp ( BFb.N ) ( BFa.N ) edged past Wall Street estimates for fourth-quarter profit on Wednesday but warned that its outlook was clouded by potential retaliatory tariffs from top U.S. trade allies. Earlier this month, Mexico imposed a 25 percent tariff on bourbon imports, while the European Union and Canada said they would slap duties on American goods including Jack Daniel’s whiskey in retaliation to import duties on metals by the United States. “The competitive landscape in the developed world remains intense, not to mention concerns over potential retaliatory tariffs on American spirits,” the company said in a statement. Brown-Foreman expects earnings per share of $1.75 to $1.85 in fiscal year 2019, with midpoint of the range coming in below the analysts’ forecast of $1.82 per share, according to Thomson Reuters I/B/E/S. Net income for the Jack Daniel’
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BF.A
News
- Brown-Forman Corp: Multiple Growth Catalysts [Seeking Alpha]Seeking Alpha
- Brown-Forman Corporation (BF-B) Fell as It Posted Slow Revenue Growth [Yahoo! Finance]Yahoo! Finance
- Bourbon maker Woodford Reserve doled out pay raises and free bottles of whiskey to thwart union efforts, judge says [Fortune]Fortune
- Woodford Reserve tried to undermine unionization effort at its Kentucky distillery, judge rules [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Woodford Reserve tried to undermine unionization effort at its Kentucky distillery, judge rules [Yahoo! Finance]Yahoo! Finance
BF.A
Sec Filings
- 4/15/24 - Form 4
- 4/3/24 - Form 3
- 4/3/24 - Form 4
- BF.A's page on the SEC website