Company profile

Lawson E. Whiting
Incorporated in
Fiscal year end
Industry (SEC)
IRS number

BFB stock data



4 Mar 20
30 Mar 20
30 Apr 20


Company financial data Financial data

Quarter (USD) Jan 20 Oct 19 Jul 19 Apr 19
Revenue 1.18B 1.25B 978M 947M
Net income 231M 282M 186M 159M
Diluted EPS 0.48 0.59 0.39 0.33
Net profit margin 19.61% 22.60% 19.02% 16.79%
Operating income 304M 352M 248M 228M
Net change in cash 41M -72M 0 47M
Cash on hand 276M 235M 307M 307M
Cost of revenue 342M 370M 268M 262M
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

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
31 Jan 20 Matthew E Hamel Class B Common Payment of exercise Dispose F 68.62 7,527 516.5K 98,606
31 Jan 20 Matthew E Hamel Stock Appreciation Right Class B Common Option exercise Dispose M 15.088 16,032 241.89K 16,032
31 Jan 20 Matthew E Hamel Class B Common Option exercise Aquire M 15.088 16,032 241.89K 106,133
10 Jan 20 Chabert Ralph E de Class B Common Sell Dispose S 67.7 598 40.48K 4,858.188
10 Jan 20 Chabert Ralph E de Class B Common Payment of exercise Dispose F 67.38 702 47.3K 5,456.188
10 Jan 20 Chabert Ralph E de Class B Common Option exercise Aquire M 18.217 1,300 23.68K 6,158.188
10 Jan 20 Chabert Ralph E de Stock Appreciation Right Class B Common Option exercise Dispose M 18.217 1,300 23.68K 3,074
9 Jan 20 John D. Cook Class B Common Sell Dispose S 67.3089 3,400 228.85K 26,046
9 Jan 20 John D. Cook Class B Common Payment of exercise Dispose F 67.14 2,739 183.9K 29,446
9 Jan 20 John D. Cook Class B Common Option exercise Aquire M 15.088 12,188 183.89K 32,185
13F holders
Current Prev Q Change
Total holders 568 557 +2.0%
Opened positions 78 65 +20.0%
Closed positions 67 55 +21.8%
Increased positions 146 216 -32.4%
Reduced positions 256 164 +56.1%
13F shares
Current Prev Q Change
Total value 106.88B 87.57B +22.0%
Total shares 142.19M 160M -11.1%
Total puts 30.03K 146.9K -79.6%
Total calls 160.1K 297.3K -46.1%
Total put/call ratio 0.2 0.5 -62.0%
Largest owners
Shares Value Change
Vanguard 22.2M $1.5B +0.7%
BLK BlackRock 15.49M $1.05B -3.8%
STT State Street 11.03M $747.52M -3.6%
Brown Advisory 6.35M $428.98M +1.9%
Brown Brothers Harriman & Co 5.65M $382.04M -0.8%
Geode Capital Management 3.58M $241.72M +1.9%
WFC Wells Fargo & Co. 2.56M $173.08M -4.4%
NTRS Northern Trust 2.44M $164.81M -5.2%
PFG Principal Financial 2.42M $163.84M -0.9%
Norges Bank 2.39M $161.39M NEW
Largest transactions
Shares Bought/sold Change
Gardner Russo & Gardner 1.72M -3.96M -69.7%
Pitcairn 1.58M -2.89M -64.6%
Norges Bank 2.39M +2.39M NEW
Lindsell Train 290.31K -2.32M -88.9%
BBR Partners 1.9M -1.83M -49.1%
Gabelli Funds 201.4K -1.56M -88.6%
MKL Markel 474.19K -843K -64.0%
GBL Gamco Investors, Inc. Et Al 101.31K -735.72K -87.9%
Bridgeway Capital Management 669.85K +669.85K NEW
Champlain Investment Partners 1.24M -624.35K -33.5%

Financial report summary

  • 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 nine months ended January 31, 2020, 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 ?
8th grade Good
New words: began, Chile, computer, cycled, ease, essentially, geopolitical, increasingly, outbreak, size, software, tempered, uncertain, working
Removed: ahead, announced, European, reduced, Southeast, sustain