Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of declining sales.
Brown-Forman is laying off 600 workers. Here's everything to know about the company
Brown-Forman is one of the largest manufacturers of wine and spirits in the world. Some sources say the company was founded in 1870 by George Garvin Brown and John Forman, while o
Is Kentucky’s bourbon boom over? What’s behind Brown-Forman layoffs, slipping sales
Industry sales tracker IWSR reported that sales of U.S. whiskey, including bourbon, Tennessee and rye, fell 1.2% in 2023, the first drop in more than 20 years. Sales have continued to fall, down 4% in the first nine months of 2024.
Is the Bourbon Boom Over? Brown-Forman Announces Major Layoffs, Shutters Barrel Facility
On Tuesday, spirits conglomerate Brown-Forman informed its investors of what it described as "a series of strategic initiatives for growth," including laying off about 12% the company's global workforce,
How many jobs is Brown-Forman cutting and when? What to know about layoffs, cooperage
Brown-Forman, the Louisville-based maker of spirits including Jack Daniels, Old Forester and Woodford Reserve, plans to cut 12% of its workforce.
Brown-Forman Corp. Cl B stock falls Wednesday, underperforms market
Shares of Brown-Forman Corp. Cl B BF.B shed 2.18% to $33.69 Wednesday, on what proved to be an all-around favorable trading ...
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Brown-Forman slashes jobs as part of multi-pronged cost-savings plan
More than 600 Brown-Forman workers are set to lose their jobs as the global spirits and wine maker seeks to realise up to ...
Brown-Forman: A Label On Bottles Can't Stop A Secular Trend
Brown-Forman's stock is a compelling investment with stable revenue and profit margins. Learn why BF.B is a Buy.
Brown-Forman Announces Workforce Reductions And Closure Of Cooperage In Strategic Restructuring
Brown-Forman Corporation (BFB), a U.S.-based spirits and wine producer headquartered in Louisville, Tuesday announced a series of ...
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How Is Brown-Forman's Stock Performance Compared to Other Food & Beverage Stocks?
Brown-Forman’s performance has remained grim over the longer-term as well. BF.B stock has plunged 27.6% on a YTD basis and 30% over the past 52 weeks, compared to FTXG’s 5.3% dip in 2024 and 5 ...
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Brown Forman Inc Class B Common Stock (NYSE:BF/B) Stock Quotes, Forecast and News Summary
Brown-Forman Corp (NYSE: BF-B) (NYSE: BF-A) reported first-quarter FY24 sales growth of 3% year-on-year to $1.04 billion, Shivani Kumaresan US Top Court Hears Jack Daniel's Trademark Fight Over ...
Needham Keeps Their Hold Rating on Brown-Forman B (BF.B)
In a report released today, Gerald Pascarelli from Needham reiterated a Hold rating on Brown-Forman B (BF.B – Research Report). The company’s ...
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Brown-Forman Corporation: Unlikely To Meet Organic Sales Growth Guidance
I maintain a hold rating on Brown-Forman Corporation due to persistent ... impacting margins and stock price. Tariff risks on American whiskey exports could impact BF.B's growth.