Jack Daniel's maker Brown-Forman lowers profit forecast as tariffs bite [Reuters]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
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Source: Reuters
Jack Daniel's maker Brown-Forman lowers profit forecast as tariffs bite | Reuters Reuters Staff 2 Min Read (Reuters) - Brown-Forman Corp ( BFb.N ) ( BFa.N ) on Wednesday said tariffs would take a 6 cent bite out of its full-year profits and the Jack Daniel’s maker does not expect raising prices to immediately offset the dent. Chief Financial Officer Jane Morreau said the alcoholic beverage maker was not going to raise prices right away to stay competitive but plans to do so later in the year. The European Union, China, Mexico and Canada have slapped import duty ranging from 10 percent to 25 percent on U.S whiskey and Bourbon, in retaliation to U.S. tariffs on steel and aluminum in June. The move to keep prices steady and higher costs for goods sold due to the tariffs will hit gross margins by over 2 basis points for fiscal 2019, Morreau said on a conference call, adding that it could get “a little worse” if tariffs continued for the period. The Finlandia vodka maker now expects fu
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BF.A
News
- 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
- Brown-Forman B (BF.B) Down 5.8% Since Last Earnings Report: Can It Rebound? [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