Jack Daniel's prices increase in Europe because of tariffs [MSN Money]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
Company Research
Source: MSN Money
LOUISVILLE, Ky. — The price of Jack Daniel's Tennessee Whiskey will increase in the European Union because of the impact of the bloc's new 25 percent tariff. Load Error The EU is taxing a range of U.S. imports, including whiskey, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum. Phil Lynch, a spokesman for Jack Daniel's producer Brown-Forman Corp., said Monday that the price increase for the whiskey will take effect over the next couple months as stockpiled cases of it are sold off. Lynch said European consumers are expected to see price increases of about 10 percent, but the hikes may vary in some markets because local distributors and stores are involved in setting prices. About one-fourth of Brown-Forman's revenues are generated in Europe. Mexico also recently imposed 25 percent tariffs. But Lynch says Brown-Forman recently increased the price of Jack Daniel's in Mexico so isn't planning a fresh price hike there
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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