|
|
|
Brown forman Corporation (NYSE: BFA) |
|
|
|
| |
Brown forman Corporation Outlook |
On March 6 2024 the Brown forman Corporation provided following guidance
company reported net sales of $3.2 billion (-1% on an organic basis) and operating income of $926 million (+7% on an organic basis). Diluted earnings per share for the nine months ended January 31, 2024 were $1.78.
Brown-Forman highlighted that its portfolio continues to perform well, with strong growth in its premium bourbon and tequila brands. The company also noted that it has made progress in expanding its presence in key markets and channels, driving growth in its international business.
Looking ahead, Brown-Forman updated its full-year outlook for fiscal 2024. The company now expects reported net sales to be flat to down 2% (compared to previous guidance of flat to up 2%) and diluted earnings per share to be in the range of $2.35 to $2.45 (compared to previous guidance of $2.30 to $2.40). The company noted that it continues to face macroeconomic challenges and uncertainty in certain markets, but remains confident in its long-term growth prospects.
In conclusion, Brown-Forman Corporation reported solid financial results for the third quarter and nine months ended January 31, 2024, with strong performance in its premium brands and international business. The company remains focused on driving growth and expanding its presence in key markets, despite macroeconomic challenges. Looking ahead, Brown-Forman is optimistic about its long-term growth prospects and remains committed to delivering value for its shareholders.
|
On December 6 2023 the Brown forman Corporation provided following guidance
l year, reported net sales increased 2% to $2.2 billion (0% on an organic basis) compared to the same period last year. Reported operating income for the first half of fiscal 2024 increased 5% to $589 million (+7% on an organic basis) and diluted earnings per share increased 4% to $1.00.
The company revised its full year outlook based on these results. Brown-Forman now expects full year net sales growth of 2% to 4% (previous guidance of 3% to 5%) on an organic basis. The company anticipates full year reported operating income growth of 4% to 6% (previous guidance of 5% to 7%) and diluted earnings per share growth of 3% to 5% (unchanged from previous guidance).
Commenting on the results, company CEO Lawson Whiting said, We continue to see solid growth in our underlying business, driven by the strength of our brand portfolio and ongoing investments in marketing, innovation, and production capabilities. While we have faced some challenges in certain markets, we remain confident in the long-term growth prospects for our business.
Brown-Forman Corporation is a leading producer and marketer of premium spirits and wines, including popular brands such as Jack Daniel's, Woodford Reserve, and Herradura. The company operates globally, with a strong presence in the North American, European, and Asian markets.
|
|
|
|
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
© 2026 CSIMarket.com — Proprietary financial dataset. All rights reserved. Redistribution or automated extraction prohibited.
