BF.A

Brown-Forman Corp (NYSE: BF-B) (NYSE: BF-A) reported first-quarter FY24 sales growth of 3% year-on-year to $1.04 billion, missing the analyst consensus of $1.05 billion. EPS of $0.48 missed the analyst consensus of $0.53. The gross margin expanded 100 basis points Y/Y to 62.7%. The operating margin contracted 250 basis points to 31.5%, and operating income for the quarter fell 4% to $327 million. The company held $426 million in cash and equivalents as of July 31, 2023. Cash provided by operating activities totaled $38 million. "As anticipated, our first quarter growth was impacted by the difficult shipment comparison from fiscal 2023, when we rebuilt inventory impacted by prior glass su

The U.S. Supreme Court heard arguments in a trademark clash between Brown-Forman Corp (NYSE: BF-B) owned Jack Daniel's and a dog accessory company. The case is about a parody chew toy that resembles the distiller's black-label whiskey bottle, reported Reuters. This is a case of Jack Daniel's trademark rights against legal protections for creative expression by VIP Products LLC. The report added that Jack Daniel's Properties Inc had appealed a lower court's ruling that VIP's vinyl chew toy qualifies as an "expressive work" protected by the U.S. Constitution's First Amendment. Industry groups that support the Tennessee-based whiskey brand, say the dispute is important for corporate Ameri

10-Q - BROWN FORMAN CORP (0000014693) (Filer)

8-K - BROWN FORMAN CORP (0000014693) (Filer)