Company profile

Ticker
BFB
Exchange
CEO
Lawson E. Whiting
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
610143150

BFB stock data

(
)

Calendar

5 Dec 19
9 Dec 19
30 Apr 20

News

Company financial data Financial data

Quarter (USD) Oct 19 Jul 19 Apr 19 Jan 19
Revenue 1.25B 978M 947M 1.18B
Net income 282M 186M 159M 227M
Diluted EPS 0.59 0.39 0.33 0.47
Net profit margin 22.60% 19.02% 16.79% 19.22%
Operating income 352M 248M 228M 320M
Net change in cash -72M 0 47M 67M
Cash on hand 235M 307M 307M 260M
Cost of revenue 370M 268M 262M 333M
Annual (USD) Apr 19 Apr 18 Apr 17 Apr 16
Revenue 4.28B 4.2B 3.86B
Net income 835M 717M 669M 1.07B
Diluted EPS 1.73 1.48 1.37 2.09
Net profit margin 19.53% 17.07% 17.35%
Operating income 1.14B 1.05B 1.01B 1.53B
Net change in cash 68M 57M -81M -107M
Cash on hand 307M 239M 182M 263M
Cost of revenue 1.16B 1.05B 973M 945M

Financial data from company earnings reports

Financial report summary

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Risks
  • Our global business is subject to commercial, political, and financial risks, including foreign currency exchange rate fluctuations and corruption risk.
  • Unfavorable economic conditions could negatively affect our operations and results.
  • Tax increases and changes in tax rules could adversely affect our financial results.
  • Our business performance is substantially dependent upon the continued health of the Jack Daniel’s family of brands.
  • Changes in consumer preferences and purchases, any decline in the social acceptability of our products, or governmental adoption of policies disadvantageous to beverage alcohol could negatively affect our business results.
  • Production facility disruption could adversely affect our business.
  • The inherent uncertainty in supply/demand forecasting could adversely affect our business, particularly with respect to our aged products.
  • Higher costs or unavailability of materials could adversely affect our financial results, as could our inability to obtain certain finished goods or to sell used materials.
  • Significant additional labeling or warning requirements or limitations on the availability of our products could inhibit sales of affected products.
  • We face substantial competition in our industry, including many new entrants into spirits; and consolidation among beverage alcohol producers, wholesalers, and retailers, or changes to our route-to-consumer model, could hinder the marketing, sale, or distribution of our products.
  • We might not succeed in our strategies for acquisitions and dispositions.
  • Counterfeiting or inadequate protection of our intellectual property rights could adversely affect our business prospects.
  • Product recalls or other product liability claims could materially and adversely affect our sales.
  • Litigation and legal disputes could expose our business to financial and reputational risk.
  • A cyber breach, a failure or corruption of one or more of our key information technology systems, networks, processes, associated sites, or service providers, or a failure to comply with personal data protection laws could have a material adverse impact on our business.
Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • You should read the following discussion and analysis in conjunction with both our unaudited condensed consolidated financial statements and related notes included in Part I, Item 1 of this Quarterly Report and our 2019 Form 10-K. Note that the results of operations for the six months ended October 31, 2019, do not necessarily indicate what our operating results for the full fiscal year will be. In this Item, “we,” “us,” “our,” “Brown-Forman,” and the “Company” refer to Brown-Forman Corporation and its consolidated subsidiaries, collectively.
  • We use certain financial measures in this report that are not measures of financial performance under U.S. generally accepted accounting principles (GAAP). These non-GAAP measures, defined below, should be viewed as supplements to (not substitutes for) our results of operations and other measures reported under GAAP. Other companies may not define or calculate these non-GAAP measures in the same way.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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