Brown-Forman (BF.A)

Company Profile

The Brown–Forman Corporation is an American company, one of the largest in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several well known brands throughout the world, including Jack Daniels, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Finlandia, Herradura, Korbel, and Chambord.

Company profile

Ticker

BF.A, BF.B

Exchange

NYSE

Website

www.brown-forman.com/

CEO

Lawson Whiting

Incorporated

Delaware

Location

Kentucky

Fiscal year end

Apr 30

Sector

Manufacturing > Wineries

Industry (SIC)

Beverages

Coca-Cola • PepsiCo • Keurig Dr Pepper • Constellation Brands • Duckhorn Portfolio Inc • Westrock Coffee • Vintage Wine Estates • Crimson Wine • Vita Coco Company Inc • Better World Acquisition ...

SEC CIK

0000014693

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Amercain Investments, C.V. • AMG Trading, L.L.C. • The BenRiach Distillery Company Limited • Brown-Forman Australia • Brown-Forman Beverages Europe, Ltd. • Brown-Forman Beverages Japan, L.L.C. • Brown-Forman Beverages Worldwide • Brown-Forman Deutschland GmbH • Brown-Forman Holding Mexico S.A. de C.V. • Brown-Forman Hungary 1 Kft. ...

IRS number

610143150

BF.A stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

30 Aug 23

Brown-forman Reports First Quarter Fiscal 2024 Results; Reaffirms Full Year Outlook

30 Aug 23

8-K

Brown-forman Stockholders Elect Directors and Board Approves Cash Dividend

23 Jun 23

Annual report to shareholders

16 Jun 23

Brown-forman Reports Strong Broad-based Fiscal 2023 Net Sales Growth

7 Jun 23

8-K

Departure of Directors or Certain Officers

31 May 23

8-K

Entry into a Material Definitive Agreement

30 May 23

8-K

Entry into a Material Definitive Agreement

23 Mar 23

Transcripts

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BF.A

Earnings call transcript

2024 Q1

30 Aug 23

BF.A

Earnings call transcript

2023 Q4

7 Jun 23

BF.A

Earnings call transcript

2023 Q3

8 Mar 23

BF.A

Earnings call transcript

2023 Q2

7 Dec 22

BF.A

Earnings call transcript

2023 Q1

31 Aug 22

BF.A

Earnings call transcript

2022 Q4

8 Jun 22

BF.A

Earnings call transcript

2022 Q3

3 Mar 22

BF.A

Earnings call transcript

2022 Q2

8 Dec 21

BF.A

Earnings call transcript

2022 Q1

1 Sep 21

BF.A

Earnings call transcript

2021 Q4

9 Jun 21

Latest ownership filings

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Financial summary

Financial statements Chart BF.A financial data

Quarter (USD)	Jul 23	Apr 23	Jan 23	Oct 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Apr 23	Apr 22	Apr 21	Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	436.00 mm	436.00 mm	436.00 mm	436.00 mm	436.00 mm	436.00 mm
Cash burn (monthly)	(no burn)	39.08 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	78.52 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	357.48 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	9.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

BF.A institutional ownership history Ownership history

49.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	621	653	-4.9%
Opened positions	55	50	+10.0%
Closed positions	87	79	+10.1%
Increased positions	170	221	-23.1%
Reduced positions	298	240	+24.2%

13F shares	Current	Prev Q	Change
Total value	10.32 tn	10.68 tn	-3.4%
Total shares	154.87 mm	166.14 mm	-6.8%
Total puts	7.90 k	44.20 k	-82.1%
Total calls	23.70 k	34.70 k	-31.7%
Total put/call ratio	0.3	1.3	-73.8%

Largest owners	Shares	Value	Change
Vanguard	26.99 mm	$1.80 tn	+9.6%
BLK Blackrock	15.46 mm	$1.03 tn	-6.0%
Fundsmith	12.20 mm	$814.42 bn	-0.3%
STT State Street	10.66 mm	$714.25 bn	-0.3%
Fundsmith Investment Services	4.01 mm	$268.07 bn	0.0%
Geode Capital Management	3.96 mm	$263.89 bn	-13.6%
IVZ Invesco	3.51 mm	$234.72 bn	+0.5%
ProShare Advisors	2.69 mm	$179.79 bn	+5.1%
WFC Wells Fargo & Co.	2.52 mm	$168.37 bn	+2.8%
MS Morgan Stanley	2.49 mm	$166.37 bn	-12.9%

Largest transactions	Shares	Bought/sold	Change
Lindsell Train	290.31 k	-2.93 mm	-91.0%
First Trust Advisors	617.88 k	-2.68 mm	-81.3%
Gardner Russo & Gardner	967.02 k	-2.47 mm	-71.9%
Vanguard	26.99 mm	+2.37 mm	+9.6%
Champlain Investment Partners	2.36 mm	+2.36 mm	NEW
Gabelli Funds	147.25 k	-1.06 mm	-87.8%
BLK Blackrock	15.46 mm	-987.28 k	-6.0%
Wellington Management	1.07 mm	+966.85 k	+923.9%
Ossiam	45.47 k	-953.92 k	-95.5%
MKL Markel	474.19 k	-843.00 k	-64.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BF.A insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
27 Jul 23	Todman Michael	Deferred Stock Units Class A Common	Grant	Acquire A	No	No	2,176.049	25,307.179
27 Jul 23	Smith Elizabeth A	Deferred Stock Units Class A Common	Grant	Acquire A	No	No	4,862.119	4,862.119
27 Jul 23	Tracy L Skeans	Deferred Stock Units Class A Common	Grant	Acquire A	No	No	2,176.049	21,041.989
27 Jul 23	Brown Stuart R	Deferred Stock Units Class A Common	Grant	Acquire A	No	No	3,299.172	16,230.082
27 Jul 23	Brown Campbell P	Deferred Stock Units Class A Common	Grant	Acquire A	No	No	5,615.611	17,164.251

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Jack Daniel's Parent Brown-Forman Q1 Earnings Miss Estimates

30 Aug 23

Brown-Forman Corp (NYSE: BF-B) (NYSE: BF-A) reported first-quarter FY24 sales growth of 3% year-on-year to $1.04 billion,

Brown Forman Q1 EPS $0.48 Misses $0.53 Estimate, Sales $1.04B Miss $1.05B Estimate

30 Aug 23

Brown Forman Inc Class B Common Stock (NYSE: BF) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.53 by 9.43 percent.