Last $91.57 USD
Change Today +0.50 / 0.55%
Volume 15.6K
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As of 9:38 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

brown-forman corp-class b (BF/B) Key Developments

Brown-Forman Mulls Acquisitions

Brown-Forman Corporation (NYSE:BF.B) is looking for acquisitions. Jane Morreau, Executive Vice President and Chief Financial Officer of Brown-Forman Corporation said, "We will approach it (acquisitions) in a very disciplined way as we have and look at it as an opportunity, acquisitions as an opportunity rather than a necessity."

Brown-Forman Corporation Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 08:15 AM

Brown-Forman Corporation Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 08:15 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Jane Cecil Morreau, Chief Financial Officer and Executive Vice President.

Brown-Forman Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Brown-Forman Corporation reported unaudited consolidated earnings results for the first quarter ended July 31, 2014. For the quarter, the company reported net sales of $921 million compared to $896 million a year ago. Operating income was $221 million compared to $217 million a year ago. Income before income taxes was $214 million compared to $211 million a year ago. Net income was $150 million or $0.70 per diluted share compared to $143 million or $0.66 per diluted share a year ago. Cash provided by operating activities was $112 million compared to $93 million a year ago. Additions to property, plant, and equipment was $31 million compared to $25 million a year ago. The first quarter results were negatively impacted by inventory reductions. The company provided earnings guidance for the fiscal year 2015. Assuming no deterioration in current global market conditions, the company is reaffirming its growth outlook for fiscal 2015, including 6-8% growth in reported and underlying net sales, and 9-11% growth in reported and underlying operating income. While first quarter results were negatively impacted by inventory reductions, the company expects stronger reported and underlying results over the balance of the year, driven by more stable inventory levels and expanding global demand for the company's portfolio of brands. The company also expects diluted earnings per share of $3.25 to $3.45, which now incorporates an anticipated negative impact from foreign exchange of $0.06 per share, partially offset by a lower expected tax rate of 29.5%.

Brown-Forman Corporation to Report Q1, 2015 Results on Aug 27, 2014

Brown-Forman Corporation announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on Aug 27, 2014

Brown-Forman Corporation, Q1 2015 Earnings Call, Aug 27, 2014

Brown-Forman Corporation, Q1 2015 Earnings Call, Aug 27, 2014

 

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BF/B:US $91.57 USD +0.50

BF/B Competitors

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Company Last Change
Constellation Brands Inc $86.65 USD -0.305
Davide Campari-Milano SpA €5.83 EUR +0.025
Molson Coors Brewing Co $75.69 USD -0.31
Remy Cointreau SA €60.03 EUR -0.84
Treasury Wine Estates Ltd A$4.84 AUD -0.02
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BF/B

Industry Average

Valuation BF/B Industry Range
Price/Earnings 29.4x
Price/Sales 6.5x
Price/Book 9.5x
Price/Cash Flow 17.6x
TEV/Sales 3.4x
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