Brown-Forman

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.
TypePublic
Founded1870
HQLouisville, US
Websitebrown-forman.com
Employee Ratings4.4

Latest Updates

Employees (est.) (Apr 2019)4,700(+3%)
Job Openings111
Revenue (FY, 2019)$3.3 B(+3%)

Key People/Management at Brown-Forman

Lawson Whiting

Lawson Whiting

President, Chief Executive Officer, Brown-Forman Corporation, President and CEO, Brown-Forman Corporation
Matthew E. Hamel

Matthew E. Hamel

Executive Vice President, General Counsel and Secretary
Kirsten Hawley

Kirsten Hawley

Senior Vice President, Chief Human Resources and Corporate Communications Officer
Mark McCallum

Mark McCallum

Executive Vice President, Chief Brands Officer
Jane Morreau

Jane Morreau

Executive Vice President, Chief Financial Officer
Alejandro Alex Alvarez

Alejandro Alex Alvarez

Senior Vice President, Chief Production Officer
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Brown-Forman Office Locations

Brown-Forman has an office in Louisville
Louisville, US (HQ)
850 Dixie Hwy
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Brown-Forman Financials and Metrics

Brown-Forman Revenue

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Brown-Forman's revenue was reported to be $3.32 b in FY, 2019
USD

Revenue (Q1, 2020)

766.0m

Gross profit (Q1, 2020)

498.0m

Gross profit margin (Q1, 2020), %

65%

Net income (Q1, 2020)

186.0m

EBIT (Q1, 2020)

248.0m

Cash (31-Jul-2019)

307.0m

EV

29.1b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.9b3.1b4.0b3.0b3.2b3.3b

Revenue growth, %

5%(1%)(3%)

Cost of goods sold

913.0m951.0m945.0m973.0m1.0b1.2b

Gross profit

3.0b2.2b3.1b2.0b2.2b2.2b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.1b1.1b921.0m1.1b1.1b900.0m1.1b1.1b661.0m830.0m808.0m723.0m914.0m878.0m766.0m910.0m904.0m766.0m

Cost of goods sold

257.0m250.0m210.0m268.0m260.0m208.0m268.0m254.0m208.0m278.0m272.0m230.0m304.0m291.0m243.0m320.0m333.0m268.0m

Gross profit

822.0m828.0m711.0m867.0m833.0m692.0m828.0m829.0m453.0m552.0m536.0m493.0m610.0m587.0m523.0m590.0m571.0m498.0m

Gross profit Margin, %

76%77%77%76%76%77%76%77%69%67%66%68%67%67%68%65%63%65%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

437.0m370.0m263.0m182.0m239.0m307.0m

Accounts Receivable

639.0m609.0m

Inventories

882.0m1.1b1.3b1.4b1.5b

Current Assets

2.2b2.3b2.2b2.4b2.6b2.7b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

192.0m287.0m460.0m235.0m250.0m494.0m195.0m317.0m459.0m211.0m197.0m238.0m212.0m287.0m211.0m193.0m260.0m307.0m

Inventories

901.0m873.0m949.0m971.0m920.0m1.0b1.1b1.0b1.3b1.3b1.2b1.3b1.4b1.3b1.4b1.5b1.5b1.6b

Current Assets

2.0b2.1b2.3b2.3b2.2b2.4b2.3b2.4b2.6b2.5b2.4b2.5b2.7b2.6b2.6b2.7b2.8b2.8b

PP&E

483.0m497.0m538.0m556.0m567.0m608.0m619.0m621.0m645.0m651.0m669.0m719.0m740.0m766.0m778.0m785.0m801.0m815.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

659.0m684.0m1.1b669.0m717.0m835.0m

Depreciation and Amortization

50.0m51.0m56.0m58.0m64.0m72.0m

Inventories

(67.0m)(100.0m)(127.0m)(86.0m)(102.0m)(162.0m)

Accounts Payable

31.0m64.0m29.0m(17.0m)58.0m(43.0m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

349.0m526.0m150.0m358.0m186.0m156.0m356.0m545.0m144.0m342.0m524.0m178.0m417.0m607.0m200.0m449.0m676.0m186.0m

Depreciation and Amortization

24.0m36.0m13.0m25.0m13.0m27.0m40.0m15.0m28.0m42.0m15.0m31.0m48.0m18.0m36.0m52.0m18.0m

Inventories

(109.0m)(100.0m)

Accounts Payable

438.0m549.0m498.0m463.0m554.0m478.0m(1.0m)(34.0m)
USDY, 2019

EV/EBIT

97.1 x

EV/CFO

334.6 x

Financial Leverage

3.2 x
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Brown-Forman Operating Metrics

FY, 2015FY, 2016FY, 2017

Brands

30 40 40

Countries

160 160 165

Markets

11 13 13
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Brown-Forman Online and Social Media Presence

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Brown-Forman News and Updates

UPDATE: Brown-Forman shares slide then recoup losses premarket as profit falls and sales fall short

Jack Daniel's distributor Brown-Forman Corp. shares slid 20% in premarket trade Wednesday before recouping their losses, after the company missed sales estimates for its fiscal first quarter. The company said it had net income of $186 million, or 39 cents a share, in its fiscal first quarter to Jul…

Update: Brown-Forman shares reverse steep premarket decline

Update: Brown-Forman shares reverse steep premarket decline

Jack Daniel's parent Brown-Forman beats profit expectations, but sales comes up shy

Brown-Forman Corp. reported a fiscal fourth-quarter profit that rose above expectations, while sales came up short, as whiskey, premium bourbon and tequila sales increased while vodka sales fell. The stock was still inactive in premarket trading. Net income for the quarter to April 30 rose to $159…

Jack Daniel's parent Brown-Forman tops profit expectations but misses on sales

Jack Daniel's parent Brown-Forman Corp. reported Wednesday a fiscal third-quarter profit that topped expectations but sales that missed. Net income for the quarter to Jan. 31 rose to $227 million, or 47 cents a share, from $190 million, or 39 cents a share, in the year-ago period. The FactSet EPS c…

Global Vodka Market outlook to 2023 | Industry Top Key Players – Belvedere, Gruppo Campari, Pernod Ricard, Russian Standard, Bacardi, Brown-Forman, IceBerg Vodka, Constellation Spirits, Central European Distribution

Wiseguyreports.Com Adds “Vodka - Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2023” To Its Research Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Irish Whiskey Market to 2022: A Concentrated Market with the Presence of Beam Suntory and Brown-Forman

DUBLIN, Dec. 18, 2018 /PRNewswire/ -- The "Global Irish Whiskey Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The Irish whiskey market will register a CAGR of more than 7% by 2022. The increased marketing and advertising campaigns are likely to propel...
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Brown-Forman Blogs

Brown-Forman Recognized With Awards in Employee Engagement, Talent Acquisition, and Human Capital Management

LOUISVILLE, KY October 23, 2018– Brown-Forman was recently recognized with five awards from Korn Ferry, Talent Board, and Brandon Hall Group in the areas of employee engagement, talent acquisition, and human capital management. Korn Ferry named Brown-Forman an Employee Engagement Award winner, one o…

BROWN-FORMAN to PRESENT at BARCLAY’S GLOBAL CONSUMER STAPLES CONFERENCE on SEPTEMBER 5, 2018

LOUISVILLE, KY, AUGUST 30, 2018 – Brown-Forman Corporation (NYSE:BFA, BFB) will present at the Barclay’s Global Consumer Staples Conference on September 5, 2018 in Boston. Lawson Whiting, Brown-Forman’s Chief Operating Officer and Incoming Chief Executive Officer, and Jane Morreau, Brown-Forman’s EV…

Brown-Forman Reports Strong Start to Fiscal 2019

Louisville, KY, August 29, 2018 – Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its first quarter of fiscal 2019, ended July 31, 2018. For the first quarter, the company’s reported net sales1 increased 6% to $766 million (+9% on an underlying2 basis) compared to the same p…

Brown-Forman First Quarter Earnings Release and Conference Call Scheduled for August 29, 2018

LOUISVILLE, KY, August 17, 2018 – Brown-Forman Corporation will release its financial results for the first quarter fiscal 2019 on August 29, 2018 by 8:00 a.m. (EDT), followed by a conference call to discuss the results at 10:00 a.m. (EDT). A live audio broadcast of the conference call will be avail…

Brown-Forman Shareholders Elect Directors; Cash Dividend Approved

LOUISVILLE, KY, JULY 26, 2018 – Brown-Forman Corporation’s (NYSE:BFA, BFB) shareholders met today at the regularly scheduled annual meeting of stockholders and elected the slate of directors recommended by the Board of Directors as submitted in the company’s 2018 Proxy Statement. Geo. Garvin Brown I…

Brown-Forman Shareholders Elect Directors

Brown-Forman Shareholders Elect Directors Justin.Howard@… Thu, 07/26/2018 - 13:14 Brown-Forman Shareholders Elect Directors 07/26/18 This release is a backfill from a News Wire Financial News General Cash …
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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 4,700 employees.

  • What is Brown-Forman revenue?

    Latest Brown-Forman annual revenue is $3.3 b.

  • What is Brown-Forman revenue per employee?

    Latest Brown-Forman revenue per employee is $707.2 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 an office in Louisville.

  • How many offices does Brown-Forman have?

    Brown-Forman has 1 office.