OverviewSuggest Edit
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. Brown-Forman leads a spirited existence and spreads its spirits, led by Jack Daniel's whiskey, around the world. The company's portfolio of mid-priced to super-premium brands includes such well-known spirits as Jack Daniel's, Canadian Mist, Finlandia, Southern Comfort, and Woodford Reserve. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail brands.
| Type | Public | |
| Founded | 1870 | |
| HQ | Louisville, US | Map |
| Website | brown-forman.com | |
| Employee Ratings | More |
Recent NewsAll News
- United States Tequila Markets, 2019 & 2020-2024: Trends and Challenges Facing Market Leaders - Bacardi, Becle, Brown-Forman, Campari, Constellation Brands, Diageo, Pernod Ricard, Suntory, Tequila 512
- CFRA upgrades 'dividend aristocrat' Brown-Forman to hold from sell
- Jack Daniel's parent Brown-Forman stock reiterated as sell at CFRA after earnings miss and guidance cut
- Drinks giant Brown-Forman lowers guidance to reflect coronavirus impact
Key People/Management at Brown-Forman
Lawson Whiting
President, Chief Executive Officer, Brown-Forman Corporation, President and CEO, Brown-Forman Corporation
Matthew E. Hamel
Executive Vice President, General Counsel and Secretary
Kirsten Hawley
Senior Vice President, Chief Human Resources and Corporate Communications Officer
Mark McCallum
Executive Vice President, Chief Brands Officer
Jane Morreau
Executive Vice President, Chief Financial Officer
Alejandro Alex Alvarez
Senior Vice President, Chief Production Officer
Brown-Forman Office Locations
Brown-Forman has offices in Louisville, Surry Hills, Sofia, Marousi and in 4 other locations
Louisville, US (HQ)
850 Dixie Hwy
Surry Hills, AU
Level 6/280 Elizabeth St
Sofia, BG
Iskarsko shose
Guadalajara, MX
Piso 8, Av. de las Américas 1545, Circunvalación Americas
Warszawa, PL
Postępu 21D
Singapore, SG
101 Thomson Rd
Brown-Forman Financials and Metrics
Brown-Forman Revenue
Brown-Forman's revenue was reported to be $3.36 b in FY, 2020
| USD | |
|---|---|
Revenue (Q1, 2021) | 753.0m |
Gross profit (Q1, 2021) | 465.0m |
Gross profit margin (Q1, 2021), % | 61.8% |
Net income (Q1, 2021) | 324.0m |
EBIT (Q1, 2021) | 387.0m |
Market capitalization (22-Sept-2020) | 36.4b |
Closing stock price (22-Sept-2020) | 76.2 |
Cash (31-Jul-2020) | 908.0m |
EV | 38.2b |
Brown-Forman's current market capitalization is $36.4 b.
- Source: SEC Filings
Annual
Quarterly
| USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 744.9m | 905.7m | 962.4m | 840.3m | 1.0b | 959.0m | 878.1m | 1.0b | 1.0b | 896.0m | 1.1b | 1.1b | 921.0m | 1.1b | 1.1b | 900.0m | 1.1b | 1.1b | 856.0m | 1.1b | 1.1b | 929.0m | 1.2b | 1.2b | 766.0m | 910.0m | 904.0m | 766.0m | 989.0m | 899.0m | 753.0m |
Cost of goods sold | 190.6m | 239.6m | 244.5m | 217.5m | 279.2m | 250.7m | 201.7m | 252.2m | 240.2m | 209.0m | 257.0m | 250.0m | 210.0m | 268.0m | 260.0m | 208.0m | 268.0m | 254.0m | 208.0m | 278.0m | 272.0m | 230.0m | 304.0m | 291.0m | 243.0m | 320.0m | 333.0m | 268.0m | 370.0m | 342.0m | 288.0m |
Gross profit | 554.3m | 666.1m | 717.9m | 622.8m | 734.5m | 708.3m | 676.4m | 761.6m | 786.7m | 687.0m | 822.0m | 828.0m | 711.0m | 867.0m | 833.0m | 692.0m | 828.0m | 829.0m | 648.0m | 777.0m | 787.0m | 699.0m | 862.0m | 865.0m | 523.0m | 590.0m | 571.0m | 498.0m | 619.0m | 557.0m | 465.0m |
Gross profit Margin, % | 74% | 74% | 75% | 74% | 72% | 74% | 77% | 75% | 77% | 77% | 76% | 77% | 77% | 76% | 76% | 77% | 76% | 77% | 76% | 74% | 74% | 75% | 74% | 75% | 68% | 65% | 63% | 65% | 63% | 62% | 62% |
- Source: SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 567.0m | 338.0m | 204.0m | 437.0m | 370.0m | 263.0m | 182.0m | 239.0m | 307.0m | 675.0m |
Accounts Receivable | 496.0m | 475.0m | 548.0m | 569.0m | 583.0m | 559.0m | 639.0m | 609.0m | 570.0m | |
Prepaid Expenses | 218.0m | 188.0m | 213.0m | 256.0m | 332.0m | 357.0m | 298.0m | 283.0m | 335.0m | |
Inventories | 647.0m | 712.0m | 827.0m | 882.0m | 953.0m | 1.1b | 1.3b | 1.4b | 1.5b | 1.7b |
Quarterly
- Source: SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 572.0m | 513.0m | 591.0m | 659.0m | 684.0m | 1.1b | 669.0m | 717.0m | 835.0m | 827.0m |
Depreciation and Amortization | 56.0m | 49.0m | 51.0m | 50.0m | 51.0m | 56.0m | 58.0m | 64.0m | 72.0m | 74.0m |
Inventories | (42.0m) | (88.0m) | (105.0m) | (67.0m) | (102.0m) | (127.0m) | (86.0m) | (102.0m) | (162.0m) | (203.0m) |
Accounts Payable | 21.0m | 19.0m | 58.0m | 31.0m | 64.0m | 29.0m | (17.0m) | 58.0m | (43.0m) | (30.0m) |
Quarterly
| USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 111.4m | 265.4m | 406.1m | 118.1m | 275.6m | 408.7m | 147.5m | 320.5m | 478.0m | 143.0m | 349.0m | 526.0m | 150.0m | 358.0m | 543.0m | 156.0m | 356.0m | 545.0m | 144.0m | 342.0m | 524.0m | 178.0m | 417.0m | 607.0m | 200.0m | 449.0m | 676.0m | 186.0m | 468.0m | 699.0m | 324.0m |
Depreciation and Amortization | 14.5m | 28.7m | 42.9m | 13.0m | 25.8m | 37.7m | 11.5m | 23.6m | 36.1m | 12.0m | 24.0m | 36.0m | 13.0m | 25.0m | 38.0m | 13.0m | 27.0m | 40.0m | 15.0m | 28.0m | 42.0m | 15.0m | 31.0m | 48.0m | 18.0m | 36.0m | 52.0m | 18.0m | 36.0m | 55.0m | 19.0m |
Inventories | (109.0m) | (100.0m) | (133.0m) | (142.0m) | (57.0m) | ||||||||||||||||||||||||||
Accounts Payable | (1.0m) | (34.0m) | 30.0m | (6.0m) | 26.0m |
- Source: SEC Filings
| USD | Q1, 2011 |
|---|---|
Financial Leverage | 1.8 x |
Brown-Forman Cybersecurity Score
Brown-Forman Online and Social Media Presence
Brown-Forman's Trends
Brown-Forman News and Updates
September 23, 2020
United States Tequila Markets, 2019 & 2020-2024: Trends and Challenges Facing Market Leaders - Bacardi, Becle, Brown-Forman, Campari, Constellation Brands, Diageo, Pernod Ricard, Suntory, Tequila 512
Dublin, Sept. 23, 2020 (GLOBE NEWSWIRE) -- The "Tequila Market in US 2020-2024" report has been added to ResearchAndMarkets.com's offering.
March 17, 2020
CFRA upgrades 'dividend aristocrat' Brown-Forman to hold from sell
CFRA upgraded the stock of Jack Daniel's parent Brown Forman Corp. to hold from sell on Tuesday, after the stock reached its price target of $55. Analyst Garrett Nelson said he is lowering his EPS estimates by 3 cents to $1.75 for FY20 and by 15 cents to $1.70 for FY 21. "As a low-beta, more defen…
March 04, 2020
Jack Daniel's parent Brown-Forman stock reiterated as sell at CFRA after earnings miss and guidance cut
CFRA reiterated its sell rating on shares of Jack Daniel's parent Brown-Forman Corp. on Wednesday, after the company posted weaker-than-expected earnings for its fiscal third quarter and cut guidance for the full year. The company cited global uncertainty and the impact of the coronavirus that has …
March 04, 2020
Drinks giant Brown-Forman lowers guidance to reflect coronavirus impact
Drinks giant Brown-Forman lowers guidance to reflect coronavirus impact
March 04, 2020
Jack Daniel's parent Brown-Forman earnings fall short, lowers guidance to reflect coronavirus effect
Jack Daniel's parent Brown-Forman Corp. shares fell 0.5% in premarket trade Wednesday, after the company missed earnings estimates for its fiscal third quarter and lowered guidance to reflect global uncertainty and the effect of the coronavirus. The company said it had net income of $231 million, o…
December 04, 2019
Jack Daniel’s maker Brown-Forman is unlikely to beat profit estimates this quarter, says this analyst
Jack Daniel’s distributor Brown-Forman is unlikely to beat earnings estimates when it reports fiscal second-quarter earnings on Thursday, after launching a promotional program for its flagship whiskey earlier this year, MKM said Tuesday.
Brown-Forman Blogs
July 26, 2018
Former Brown-Forman President Bill Street Passes Away
Louisville, KY – July 26, 2018 — Brown-Forman regrettably announced today the death of former long-time executive William M. Street after a courageous multi-year battle against cancer. Born September 23, 1938 in Louisville, KY to Daniel Street (former president of Brown-Forman) and Frances (Woodruff…
July 13, 2018
Brown-Forman Board Approves Share Repurchase Authorization of $200 Million
Louisville, KY, July 13, 2018 – Brown-Forman Corporation (NYSE: BFB, BFA) announced that its Board of Directors has approved a $200 million share repurchase authorization, commencing July 13, 2018 through July 12, 2019, subject to market and other conditions. Under the repurchase program, the compan…
July 03, 2018
Brown-Forman Recognized as Best for Vets: Employers 2018 List; Selection focuses on corporate culture and policy that caters to vets
July 3, 2018, LOUISVILLE, KY – Brown-Forman was named one of the best employers for veterans by Military Times, the trusted source for independent news and information for service members and their families. This is Brown-Forman Corporation’s second year making the “Best for Vets: Employers” list in…
June 06, 2018
Brown-Forman Reports Strong Fiscal 2018 Results; Expects Momentum to Continue in Fiscal 2019
Louisville, KY, June 6, 2018 – Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its fourth quarter and fiscal year ended April 30, 2018. For the fourth quarter, the company’s reported net sales1 increased 6% to $733 million (+5% on an underlying2 basis) compared to the same p…
May 29, 2018
Brown-Forman Announces Leadership Succession Plan; Paul Varga to Retire; Lawson Whiting Named Incoming CEO as of January 1, 2019
Louisville, KY, May 29, 2018 – Brown-Forman Corporation (NYSE: BFA, BFB) announced today that after a distinguished 31 years of service at the company, Chief Executive Officer Paul C. Varga has decided to retire, effective December 31, 2018. Varga will be succeeded by Lawson E. Whiting, unanimously …
Brown-Forman Frequently Asked Questions
When was Brown-Forman founded?
Brown-Forman was founded in 1870.
Who are Brown-Forman key executives?
Brown-Forman's key executives are Lawson Whiting, Matthew E. Hamel and Kirsten Hawley.
How many employees does Brown-Forman have?
Brown-Forman has 4,800 employees.
What is Brown-Forman revenue?
Latest Brown-Forman annual revenue is $3.4 b.
What is Brown-Forman revenue per employee?
Latest Brown-Forman revenue per employee is $700.6 k.
Who are Brown-Forman competitors?
Competitors of Brown-Forman include Bacardi, Remy Cointreau and Pernod Ricard.
Where is Brown-Forman headquarters?
Brown-Forman headquarters is located at 850 Dixie Hwy, Louisville.
Where are Brown-Forman offices?
Brown-Forman has offices in Louisville, Surry Hills, Sofia, Marousi and in 4 other locations.
How many offices does Brown-Forman have?
Brown-Forman has 9 offices.
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