Brown-Forman Board Approves New Share Repurchase Authorization of $1 Billion and Declares Cash Dividend

Louisville, KY, January 28, 2016 – Brown-Forman Corporation (NYSE: BFB, BFA) announced that its Board of Directors has approved a new $1 billion share repurchase authorization, commencing April 1, 2016 through March 31, 2017, subject to market and other conditions. The current buyback expires on March 24, 2016. Under the new repurchase […]

January 28th, 2016|All|

Brown-Forman to Sell Southern Comfort and Tuaca to Sazerac for $544 Million

Louisville, KY, January 14, 2016 – Brown-Forman Corporation (NYSE: BFA, BFB) announced today that it has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million.

Brown-Forman Chief Executive Officer Paul Varga said the decision to sell these brands reflects the company’s evolving portfolio strategy and a […]

January 14th, 2016|All|

Brown-Forman Providing $10,000 for Safe Rides During the Holiday Season; Brown-Forman partnering with transportation companies for safe rides through the New Year

Louisville, KY, December 17, 2015 – To help everyone to have a safe holiday season, Brown-Forman is providing up to $10,000 of safe rides to encourage people to plan ahead and keep drunk drivers off of the roads.

The Kentucky Office of Highway Safety (KOHS), Mothers Against Drunk Driving (MADD) and Brown-Forman joined other […]

December 17th, 2015|All|

Brown-Forman Reports Strong First Half Underlying Results; Confirms Full Year Growth Outlook

Louisville, KY, December 2, 2015 – Brown-Forman Corporation (NYSE:BFA, BFB) reported financial results for its second quarter and the first half of fiscal 2016 ended October 31, 2015. For the second quarter, the company’s reported net sales1 declined 4% to $1,096 million (+5% on an underlying basis2). Reported operating income was flat […]

December 2nd, 2015|All|

Brown-Forman Increases Cash Dividend By 7.9%

LOUISVILLE, KY, November 19, 2015 – Brown-Forman announced today that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 7.9% to 34 cents per share from the prior quarter’s 31½ cents per share. As a result, the indicated annual cash dividend will rise […]

November 19th, 2015|All|