Latest news with #JackDaniels
Yahoo
3 days ago
- Business
- Yahoo
Here's What to Expect From Brown-Forman's Next Earnings Report
Louisville, Kentucky-based Brown-Forman Corporation (BF-B) manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcoholic beverages. With a market cap of $14.6 billion, the company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador, Fords Gin brands. BF.B is slated to release its Q1 earnings on Thursday, Sept. 4. Ahead of the event, analysts expect BF.B to report a profit of $0.37 per share, down 9.8% from $0.41 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in two of the past four quarters while missing on two occasions. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the current year, analysts expect BF.B to report EPS of $1.67, down 9.2% from $1.84 in fiscal 2024. However, analysts expect its earnings to surge 3% year-over-year to $1.72 per share in fiscal 2026. Over the past year, BF.B shares declined 31.3%, underperforming the S&P 500 Index's ($SPX) 18.3% gains and the Consumer Staples Select Sector SPDR Fund's (XLP) 4.9% returns over the same time frame. Shares of Brown-Forman fell 17.9% following the release of its Q4 2025 earnings on Jun. 5. The company posted revenue of $894 million in the period, which fell short of Street forecasts. Moreover, its adjusted EPS for the quarter amounted to $0.31, which fell short of consensus estimates by 13.9%. The consensus opinion on BF.B stock is skeptical, with an overall 'Hold' rating. Out of the 17 analysts covering the stock, opinions include three 'Strong Buys,' 11 'Holds,' one 'Moderate Sell,' and two 'Strong Sells.' The mean price target of $32.49 indicates a 4.9% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- General
- Yahoo
Is Jack Daniels Considered Bourbon Or Whiskey?
When it comes to bourbon, people have opinions. Like, strong opinions. And one of those opinions at the top of the list is: what exactly should be considered bourbon? And that brings us to the point of this article -- is Jack Daniels a bourbon whiskey or not? To start, Jack Daniels doesn't call itself a bourbon. All you have to do is ask them because they are very adamant that Jack Daniels is a "Tennessee Whiskey." It's all over their branding. That said, don't tell them we told you, but Jack Daniels technically meets all the requirements to be a bourbon according to the Federal Standards of Identity for Distilled Spirits, including its proof. Bourbon starts with a combination of grain, yeast, and water. After the fermentation process, the leftover crushed grain is called a "mash." The "mash bill" is the specific types of grains used in making any particular whiskey. To be considered bourbon, the mash bill must have a minimum of 51% corn, though most have much higher. The liquid is then aged in charred oak barrels, and nothing else can be added other than water -- no artificial flavorings, colorings, nothing. So, all that said, why does Jack Daniels say it's not a bourbon? Read more: 12 Bourbons You Should Leave On The Shelf It's All About The Charcoal What sets Jack Daniels -- and any other "Tennessee Whiskey" -- apart is what is called the Lincoln County going into new oak barrels to age, "Jack Daniel's is dripped slowly - drop-by-drop - through ten feet of firmly packed charcoal (made from hard sugar maple)," according to the brand's website. Though unrelated to whether it's a bourbon or whiskey, Jack Daniels is also unique in that it draws its water from Cave Spring Hollow, a natural underground water source on its property. The company says it draws 800 gallons of water from miles below the Earth's surface every minute. This 56-degree water also brings minerals from the cave's layered limestone walls that help make the Tennessee whiskey so unique. To recap: Is Jack Daniel's a bourbon? Technically, yes. But is it also a Tennessee Whiskey? Yes, thanks to the Lincoln County Process of charcoal mellowing, it's branded as that as well. So, is that as clear as charcoal now? Read the original article on Chowhound. Solve the daily Crossword
The Irish Sun
6 days ago
- Entertainment
- The Irish Sun
‘Rip off' balloon festival slammed for having just TWO inflated, ‘disgusting' food and ‘pub karaoke' live music
CUSTOMERS hit out at a 'rip-off' balloon festival - with only two inflated. A 'spectacular hot air balloon display' was promised but locals said they saw none take off despite sunny weather. 3 A 'spectacular hot air balloon display' was promised, but locals said they saw none take off despite sunny weather. Credit: Solent 3 Some visitors complained that the food was 'foul' and 'cost the earth' - while the only bar was left with warm £8 cans of whisky and Coke Credit: Solent Some paid £50 for a family ticket to Balloons and Tunes in Romsey, Hants, which also featured live music. But one guest said the Carole Rabbetts, 75, said her grandchildren were left 'upset' as there were only two inflated when her family went. She also complained that the food was 'foul' and 'cost the earth'. READ MORE UK NEWS Other festivalgoers also expressed disappointment about the event on its Facebook page. Jim Franklin told festivalgoers not to waste their time or money on the 'awful event'. He said: "There was one bar tent with a 100 metre queue. "When you finally got to the front there were no drinks at all apart from warm tins of Jack Daniels and coke that had been sitting on a table all day, for £8-a-can. Most read in The Sun Ema Hutchings said: 'There's a huge feeling of being Balloons and Tunes did not comment. 3 Visitors hit out at a 'rip-off' balloon festival - with some claiming only two were inflated at the Balloons and Tunes event in Romsey, Hants Credit: Solent Hot air balloons take to the skies for annual fiesta above Bristol
Yahoo
22-07-2025
- Business
- Yahoo
Ohio bill could eliminate need for voter approval to sell liquor on Sundays
COLUMBUS, Ohio (WCMH) – A bipartisan effort at the Ohio Statehouse would permit local governments to allow alcohol sales on Sundays, eliminating their need for local liquor option elections. Under state law, businesses need to obtain a D-6 permit in order to sell intoxicating liquor on Sundays, including wine, spirits and prepackaged cocktails. These permits require approval from local voters. Businesses generally must gather 50 valid signatures from voters in their precinct before the issue can head to the ballot. Three months later, still no updates in OSU investigation of hidden cameras in a dorm bathroom Rep. Jack Daniels (R-New Franklin) said Sunday liquor sales issues 'almost always' pass, and can be a burden for businesses and local governments. That's why he teamed up with Rep. Mark Sigrist (D-Grove City) to introduce House Bill 387 earlier this month. 'This is a bipartisan bill that reduces red tape and makes businesses' lives easier and also reduces some government expenses,' Daniels said. The bill would allow the legislative authorities of municipal corporations — such as city councils or township trustees — to adopt local laws permitting the sale of liquor on Sundays, ultimately bypassing the need for ballot initiatives. Under the bill, cities and townships could still hold the elections if they choose. Daniels gave an example of how liquor ballot initiatives can become a burden on local governments, citing an election that occurred in Summit County in September 2023. A local liquor issue was the sole measure on the ballot, and only seven people voted, yet the election carried a price tag of $43,913. Ohio House overrides one budget veto, hoping to provide property tax relief 'That's a lot of waste, and I know that's a very unusual circumstance, but it's not just the cost to the business owner and the aggravation for the business owner, but it's also the cost for the, for the county Board of Elections,' Daniels said. In 1973, the Ohio Statehouse repealed a majority of the state's 'blue laws,' which once banned a variety of activities on Sundays, including sporting events, gambling and hunting. However, restrictions on alcohol sales on Sundays have lingered. Blue laws were once widespread across the country, rooted in the observance of the Christian day of worship. While less prevalent than they once were, many states still have remnants of blue laws on the books. In 2022, Ohio Gov. Mike DeWine signed a bill that made it easier for businesses to get Sunday liquor sale issues on the ballot by lowering the threshold of signatures from 35% of the number of votes cast for governor in the prior election to a flat number of 50 signatures. HB 387 awaits a committee assignment and its first hearing. The bill has 21 cosponsors, including both Democrats and Republicans. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
19-07-2025
- Business
- Yahoo
What Happened to Brown-Forman This Year?
Key Points Brown-Forman has struggled with weak consumer sentiment and impacts of the trade war. The purveyor of Jack Daniel's and other spirits reported declines in sales and profits last year. The impact of tariffs could get worse after the latest announcements from President Trump. 10 stocks we like better than Brown-Forman › Brown-Forman (NYSE: BF.B) might be the first name in whiskey with brands like Jack Daniel's, Woodford Reserve, and Old Forester, but the distiller is close to last when it comes to the stock market. Over the past three years, the stock is down 63%, plunging through 2023 and 2024, even when the broad market was soaring. Through 2025, the stock has continued to struggle, plagued by consumer tastes shifting away from whiskey and alcohol more generally, and concerns about tariffs as American spirits have been a primary target for foreign countries looking to punish American businesses for placing tariffs on their exports. As you can see from the chart below, the stock is down sharply this year and has woefully underperformed the S&P 500 year to date. What's ailing Brown-Forman? It's been a tough few years for the alcohol sector in general as health-related concerns around drinking, the rise of mocktails, and Gen Z preferences are putting pressure on demand for spirits. Additionally, Brown-Forman has been a target in the trade war due to a stable of well-known American brands like Jack Daniel's. The company has continued to post revenue and profit declines. In the third quarter of its fiscal 2025, which ended on Jan. 31, revenue fell 3% to $1.04 billion and net income slipped 6% to $270 million. As you can see, Brown-Forman is still highly profitable thanks to the strength of its brands, but factors outside of its control are weighing on the business. Those trends continued into the fourth quarter as revenue fell another 7% to $894 million, though adjusting for a $177 million gain on the sale of its Sonoma-Cutrer wine business in the quarter the year before, operating income was up slightly from $198 million to $205 million. A closer look at the numbers shows that the company is struggling with broad-based headwinds. Management said the operating environment remained challenging due to "ongoing macroeconomic and geopolitical uncertainties." Revenue was down in all of its geographies, though mostly from its divestitures of Finlandia and Sonoma-Cutrer, while gross margin declined 150 basis points. Whiskey sales were a relative bright spot at flat for the year, though other beverage categories, including tequila, ready-to-drink, and the rest of its portfolio were all down. What's next for Brown-Forman? A mix of weakening consumer sentiment and trade issues have weighed on Brown-Forman so far this year, and that seems unlikely to change anytime soon. President Donald Trump has just issued a new round of tariffs on several major markets for the company, including the European Union. Meanwhile, the June Consumer Price Index showed price increases are accelerating again -- reflecting the tariffs that have already gone into effect and indicating the recent challenges facing the company could get worse. Rising prices, for example, could lead some customers to trade down to cheaper alternatives. Brown-Forman's own guidance called for organic sales and operating income to decline by low single digits for fiscal 2026. For investors, there's not much to get excited about here. While Jack Daniel's is one of the biggest brands in spirits and makes up more than half of the company's volume sales, without growth the business can do little more than generate profits to be returned as dividends. The company also did not repurchase many shares, showing it's not trying to take advantage of the beaten-down stock price that way -- using its profits to reduce shares outstanding and lift earnings per share. At a price-to-earnings ratio of 15 and a dividend yield of 3.4%, Brown-Forman offers reasonable value and a decent dividend. But without a significant change in trade policy or a shift in consumer tastes, the stock is likely to continue to struggle for the foreseeable future. Should you invest $1,000 in Brown-Forman right now? Before you buy stock in Brown-Forman, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brown-Forman 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 $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% 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 15, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. What Happened to Brown-Forman This Year? was originally published by The Motley Fool
