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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, KY, USMap
Websitebrown-forman.com
Employee Ratings4.3More
Overall CultureCMore
View Jobs (2)

Recent NewsAll News

Latest Updates

Employees (est.) (Apr 2020)4,800(+3%)
Job Openings2
Revenue (FY, 2020)$3.4 B(+2%)
Share Price (Jan 2021)$78.4 (+2%)
Cybersecurity ratingBMore

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 offices in Louisville, Surry Hills, Sofia, Marousi and in 4 other locations
Louisville, KY, 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
Show all (9)

Brown-Forman Financials and Metrics

Brown-Forman Revenue

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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 (8-Jan-2021)

37.5b

Closing stock price (8-Jan-2021)

78.4

Cash (31-Jul-2020)

908.0m

EV

39.3b
Brown-Forman's current market capitalization is $37.5 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.4b3.6b3.8b3.9b4.1b4.0b3.9b4.2b3.3b3.4b

Revenue growth, %

5%(1%)(3%)

Cost of goods sold

862.0m928.0m894.0m913.0m951.0m945.0m973.0m1.0b1.2b1.2b

Gross profit

2.5b2.7b2.9b3.0b3.1b3.1b2.9b3.2b2.2b2.1b
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

744.9m905.7m962.4m840.3m1.0b959.0m878.1m1.0b1.0b896.0m1.1b1.1b921.0m1.1b1.1b900.0m1.1b1.1b856.0m1.1b1.1b929.0m1.2b1.2b766.0m910.0m904.0m766.0m989.0m899.0m753.0m

Cost of goods sold

190.6m239.6m244.5m217.5m279.2m250.7m201.7m252.2m240.2m209.0m257.0m250.0m210.0m268.0m260.0m208.0m268.0m254.0m208.0m278.0m272.0m230.0m304.0m291.0m243.0m320.0m333.0m268.0m370.0m342.0m288.0m

Gross profit

554.3m666.1m717.9m622.8m734.5m708.3m676.4m761.6m786.7m687.0m822.0m828.0m711.0m867.0m833.0m692.0m828.0m829.0m648.0m777.0m787.0m699.0m862.0m865.0m523.0m590.0m571.0m498.0m619.0m557.0m465.0m

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%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

567.0m338.0m204.0m437.0m370.0m263.0m182.0m239.0m307.0m675.0m

Accounts Receivable

496.0m475.0m548.0m569.0m583.0m559.0m639.0m609.0m570.0m

Prepaid Expenses

218.0m188.0m213.0m256.0m332.0m357.0m298.0m283.0m335.0m

Inventories

647.0m712.0m827.0m882.0m953.0m1.1b1.3b1.4b1.5b1.7b
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

260.8m155.7m278.6m552.5m380.1m494.9m361.5m368.5m386.8m217.0m192.0m287.0m460.0m235.0m250.0m494.0m195.0m317.0m459.0m211.0m197.0m238.0m212.0m287.0m211.0m193.0m260.0m307.0m235.0m276.0m908.0m

Accounts Receivable

411.6m544.0m530.3m523.3m641.9m568.7m524.9m681.5m633.8m542.0m729.0m679.0m547.0m761.0m631.0m505.0m727.0m630.0m501.0m660.0m611.0m576.0m753.0m725.0m658.0m768.0m737.0m626.0m823.0m732.0m721.0m

Prepaid Expenses

163.8m164.4m167.2m201.9m187.2m181.1m177.5m188.3m188.1m211.0m167.0m208.0m280.0m307.0m398.0m328.0m341.0m368.0m339.0m373.0m331.0m352.0m337.0m286.0m305.0m305.0m287.0m295.0m327.0m

Inventories

671.9m698.9m677.0m685.5m694.5m684.2m764.4m797.5m801.9m874.0m901.0m873.0m949.0m971.0m920.0m1.0b1.1b1.0b1.3b1.3b1.2b1.3b1.4b1.3b1.4b1.5b1.5b1.6b1.7b1.7b1.7b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

572.0m513.0m591.0m659.0m684.0m1.1b669.0m717.0m835.0m827.0m

Depreciation and Amortization

56.0m49.0m51.0m50.0m51.0m56.0m58.0m64.0m72.0m74.0m

Inventories

(42.0m)(88.0m)(105.0m)(67.0m)(102.0m)(127.0m)(86.0m)(102.0m)(162.0m)(203.0m)

Accounts Payable

21.0m19.0m58.0m31.0m64.0m29.0m(17.0m)58.0m(43.0m)(30.0m)
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

111.4m265.4m406.1m118.1m275.6m408.7m147.5m320.5m478.0m143.0m349.0m526.0m150.0m358.0m543.0m156.0m356.0m545.0m144.0m342.0m524.0m178.0m417.0m607.0m200.0m449.0m676.0m186.0m468.0m699.0m324.0m

Depreciation and Amortization

14.5m28.7m42.9m13.0m25.8m37.7m11.5m23.6m36.1m12.0m24.0m36.0m13.0m25.0m38.0m13.0m27.0m40.0m15.0m28.0m42.0m15.0m31.0m48.0m18.0m36.0m52.0m18.0m36.0m55.0m19.0m

Inventories

(109.0m)(100.0m)(133.0m)(142.0m)(57.0m)

Accounts Payable

(1.0m)(34.0m)30.0m(6.0m)26.0m
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USDQ1, 2011

Financial Leverage

1.8 x
Show all financial metrics

Brown-Forman Operating Metrics

FY, 2015FY, 2016FY, 2017

Brands

30 40 40

Countries

160 160 165

Markets

11 13 13
Show all operating metrics

Brown-Forman Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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Brown-Forman Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Brown-Forman Online and Social Media Presence

Brown-Forman's Trends

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Brown-Forman Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    C+

    70/100

  • Compensation

    C-

    58/100

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Brown-Forman News and Updates

December 10, 2020

Flavored Whiskey Market Forecast to 2027 - Bacardi Limited, Brown-Forman Corporation, Diageo Plc., Old Bushmills Distillery, Pernod Ricard, Pernod Ricard SA, SUNTORY

Flavored Whiskey Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Bourbon, Scotch, Malted, Blended, Others); Flavor (Citrus, Honey, Caramel, Apple, Others); End-User (Retail, HoReCa); Distribution Channel (Supermarkets/Hypermarket, Specialty Stores, Online Stores, Others) and G…
December 08, 2020

Brown-Forman stock slips after profit misses on increased costs, while sales beat forecasts

Shares of Jack Daniels parent Brown-Forman Corp. fell 0.8% in premarket trading Tuesday, after the spirits seller reported a fiscal second-quarter profit that fell more than expected, while sales beat forecasts. Net income declined to $240 million, or 50 cents a share, from $282 million, or 59 cent…
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
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Brown-Forman Blogs

October 23, 2018

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…
August 30, 2018

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…
August 29, 2018

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…
August 20, 2018

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…
July 26, 2018

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…
July 26, 2018

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 4,800 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 Sazerac, Bacardi and Remy Cointreau.

  • 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.