
Brown-Forman Announces Significant Evolution in U.S. Distribution
These carefully considered decisions underscore Brown-Forman's enduring commitment to ensure its brands have the dedication, focus, investment, and route-to-market capabilities needed to succeed in the increasingly dynamic beverage alcohol industry.
'This milestone marks an exciting evolution in our U.S. strategy, building upon our commitment to elevate our premium spirits portfolio and reach consumers in impactful ways,' said Michael Masick, executive vice president and president, Americas, Brown-Forman. 'This process has enabled us to evolve existing relationships, form new ones, and, in every instance, align around a common vision for Brown-Forman brands and a strategy to achieve our collective aspirations.'
Robinson Brown IV, senior vice president and managing director, USA & Canada, Brown-Forman, added, 'This is Brown-Forman's first significant change to our U.S. route-to-consumer landscape in more than 60 years. These decisions were taken with great thought and care, and we believe they will bring tremendous opportunities for growth in the years and decades to come. Together, we will share Brown-Forman's iconic family of brands with consumers across the U.S., fueling accelerated momentum and achieving new levels of success.'
Brown continued, 'I would also like to recognize and thank all of our distributors, whose dedication and expertise over the years have been foundational to establishing Brown-Forman's strong presence across these markets. Though our relationships may be evolving, their dedication and hard work have been instrumental in building the strong foundation upon which this next chapter of growth will be built.'
Announced today, the following distributors will, beginning August 1, 2025, represent the Brown-Forman portfolio of brands in the states listed:
Johnson Brothers: Indiana, Minnesota, Nebraska, North Dakota, South Dakota, and Texas
Southern Glazer's Wine & Spirits: Louisiana and New York; Continued alignment in Arkansas, Kansas, Massachusetts, Missouri, and Rhode Island
Columbia Distributing: Washington
Keg-1 River City: Kentucky
Oklahoma Spirits Alliance, a partnership with Capital, LDF, & Fisher 59 Distributors: Oklahoma
Reyes Beverage Group: Hawaii; California (announced February 2025, effective May 2025)
Specialty Imports: Alaska
These distributor partners were selected for their proven track records, strong capabilities, and shared commitment to accelerate growth of Brown-Forman's iconic brands. In addition, as a result of the reshaping of the company's U.S. distributor relationship landscape, Breakthru Beverage Group (BBG) will become the company's largest national distributor partner, covering 14 key markets across the U.S. and Canada.
This announcement marks the conclusion of Brown-Forman's RFP process for the U.S. open states.
About Brown-Forman:
Brown-Forman Corporation has been building exceptional spirits brands for more than 150 years, responsibly upholding our founding promise of 'Nothing Better in the Market.' Our portfolio of premium brands includes the Jack Daniel's Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers' Craft. With a team of approximately 5,400 employees worldwide, we proudly share our passion for premium beverages in more than 170 countries. Discover more about us at brown-forman.com and stay connected through LinkedIn, Instagram, and X.
Forward-Looking Statements
This press release contains statements that are 'forward-looking statements' as defined under U.S. federal securities laws. These forward-looking statements reflect management's expectations or projections regarding future events and speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections.
For further information on factors that could cause our actual results to differ materially from our historical experience or from our current expectations or projections, please refer to our public filings, including the 'Risk Factors' section of our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Why Shares of Rocket Companies Are Soaring Today
Key Points Rocket provided stronger-than-expected adjusted revenue guidance for the third quarter of the year. Management is somewhat optimistic about the summer homebuying season. Rocket would benefit from lower interest rates. 10 stocks we like better than Rocket Companies › Shares of Rocket Companies (NYSE: RKT) traded nearly 14% higher, as of 11:29 a.m. ET today, after the company reported better-than-expected earnings results and issued strong guidance for the third quarter of the year. Starting to gain some momentum In the second quarter, Rocket reported adjusted diluted earnings per share of $0.04 on adjusted revenue of $1.34 billion, both of which came in ahead of Wall Street analyst estimates, and exceeded the high end of management's previous guidance. Management also provided encouraging third-quarter adjusted revenue guidance of $1.6 billion to $1.75 billion in revenue, ahead of analyst estimates coming into the quarter. Rocket's CFO Brian Brown said on the company's second-quarter earnings call: As we look ahead to the third quarter, we're cautiously optimistic about the summer homebuying season as the market continues to shift in favor of buyers. While we know that the homebuying season typically slows around Labor Day as kids return to school and families settle down, our current approval letter pipeline indicates that the summer homebuying season will be extended, with strong activity continuing through the third quarter. A good play in a falling interest rate environment As one of the largest mortgage originators in the U.S., Rocket would benefit from interest rate cuts, and the chance of a rate cut in September increased significantly after weak labor market data this morning. Rocket has also done a good job of gaining more share of the historically fragmented mortgage market with its recent acquisitions of Redfin and Mr. Cooper Group. As one of the largest mortgage servicing companies, Mr. Cooper Group will help shore up revenue in a rising interest rate environment. Rocket trades at a very high forward earnings multiple of about 62x and a very low forward revenue multiple of less than 0.5x. I think investors can have some exposure to the company, as it should do well if rates fall and eventually bring down mortgage rates. Should you invest $1,000 in Rocket Companies right now? Before you buy stock in Rocket Companies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool recommends Rocket Companies. The Motley Fool has a disclosure policy. Why Shares of Rocket Companies Are Soaring Today was originally published by The Motley Fool
Yahoo
2 minutes ago
- Yahoo
Vertiv (VRT) Gets Price Target Boosts from Barclays and Oppenheimer
Vertiv Holdings Co (NYSE:VRT) is one of the . On July 31, Barclays analyst Julian Mitchell raised its price target for the stock from $110 to $128 while maintaining an 'Equal Weight' rating. The rating affirmation follows Vertiv's earnings report that has boosted confidence in its sales targets for 2026. The analysts also talked about how Vertiv's operating leverage is rebounding. A data analyst pouring over a chart, the intricacies of its lines being revealed. In other news, Oppenheimer analyst Noah Kaye raised the price target on Vertiv to $151 from $140, while maintaining an 'Outperform' rating. Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. While we acknowledge the potential of VRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Sign in to access your portfolio
Yahoo
2 minutes ago
- Yahoo
Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst
Roblox Corp (NYSE:RBLX) is experiencing a significant market shift, with second-quarter bookings and user engagement metrics signaling a robust recovery, despite a mixed financial report. The gaming platform, propelled by viral game successes and expanding reach, is seeing a positive reevaluation of its growth outlook. Following the release of its quarterly results, Wall Street analysts have revised their price forecasts upward. Wedbush's Alicia Reese raised her forecast from $142 to $165, maintaining an Outperform Bernie McTernan increased his forecast from $79 to $159, and Bank of America Securities' Omar Dessouky lifted his forecast from $133 to $159. Reese, viewing Roblox as the most compelling growth story in gaming, highlighted the company's record-breaking second-quarter performance. Bookings surged 50% year-over-year to $1.44 billion, far exceeding her $1.19 billion estimate and the consensus estimate of $1.24 billion. Adjusted EBITDA rose 180% to $205 million, slightly surpassing guidance but missing consensus. Daily active users hit 111.8 million, above her forecast of 92.8 million, and engagement soared to 27.8 billion hours, surpassing the estimated 22.2 billion. Monetization also exceeded expectations, with average bookings per user at $12.86. Looking ahead, Reese raised her fiscal 2025 forecast and projects double-digit growth through 2027, with a return to 20% year-over-year growth after tough comparisons in 2026. She expects the third quarter to benefit from multiple viral games, suggesting operating leverage and revenue per engineer will grow as the platform scales. McTernan, following a strong second-quarter performance, raised his 2025 and 2026 adjusted EBITDA estimates by 21% and 45%, respectively. He sees Roblox's growth potential as driven by AI leadership and a strong pipeline of viral games. Bookings rose 51% year-over-year, up from 31% in the prior quarter, fueled by five experiences reaching over 10 million daily active users. McTernan raised his bookings estimates by 11% for 2025 and 23% for 2026, with a corresponding boost to EBITDA. His base case assumes Roblox will hit $20 billion in bookings by 2031, though his bull case expects this milestone one to two years earlier, supported by a 40% compound annual growth rate (CAGR) in bookings and nearly 60% CAGR in EBITDA. McTernan also sees growth from advertising and margin expansion in 2026. Dessouky of Bank of America also increased his price forecast following the company's quarterly beat, particularly noting the 51% year-over-year surge in bookings. He said the magnitude of the second quarter beat was unexpected. Growth was driven not only by the hit title Grow a Garden but also by a 90% increase in Tier 2 games. Daily active users grew 41% year-over-year, suggesting that Roblox is deepening its penetration into the 13+ demographic and alleviating concerns of market saturation. Operating expenses related to infrastructure and trust & safety (IT&S) rose $18 million sequentially, but Dessouky saw this as a positive sign, noting a 10% drop in cost per engagement hour. Guidance for the third quarter also exceeded expectations, with bookings growth forecasted at 41%, compared to BofA's 23% estimate. Dessouky raised his full-year 2025 bookings estimate to $6.06 billion and EBITDA to $1.41 billion, up from $5.59 billion and $1.24 billion, respectively. Despite potential challenges from new leadership and tough comps in 2026, he expects the company to reaffirm its +20% year-over-year growth forecast. He also projects margin expansion of 100 basis points in 2025 and over 300 basis points in 2026–27. Price Action: RBLX stock is trading lower by 7.57% to $127.36 at last check Friday. Photo via Shutterstock Latest Ratings for RBLX Date Firm Action From To Mar 2022 Deutsche Bank Initiates Coverage On Buy Mar 2022 Jefferies Maintains Hold Feb 2022 Truist Securities Maintains Buy View More Analyst Ratings for RBLX View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.