Brown-Forman Corp (BFb.N) Key Developments | Reuters.com
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Brown-Forman Corp (BFb.N)

BFb.N on New York Stock Exchange

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Brown-Forman CEO's FY 2016 total compensation was $9.6 mln vs $11.02 mln in 2015 - SEC Filing
Tuesday, 28 Jun 2016 04:30pm EDT 

Brown-forman Corp :Forman Corp CEO Paul Varga's FY 2016 total compensation $9.6 million versus $11.02 million in FY 2015 - SEC Filing.  Full Article

Brown-Forman Q4 earnings per share $2.60
Wednesday, 8 Jun 2016 07:45am EDT 

Brown-forman Corp : Sees fiscal year 2017 underlying net sales growth of 4% to 6% . FY 2017 earnings per share view $3.58, revenue view $3.92 billion -- Thomson Reuters I/B/E/S . FY earnings per share outlook includes expected foreign exchange headwinds of $0.07 given current spot rates, as well as lower distributor inventory levels . Reports fiscal 2016 results; expects continued underlying growth in fiscal 2017 . Q4 earnings per share $2.60 . Q4 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $3.42 to $3.62 including items .Q4 sales $933 million versus i/b/e/s view $899 million.  Full Article

Brown-Forman announces stock split, div of $0.34 per share
Thursday, 26 May 2016 04:39pm EDT 

Brown-Forman Corp : Board announces 2-for-1 stock split and declares cash dividend . Approved a regular quarterly cash dividend of 34 cents per share on its Class A and Class B common stock. . If approved, record date for stock split is anticipated to be on or about august 8, 2016 . Class A stockholders will be asked to approve increase in number of authorized shares of class a common stock from 85 million -170 million .Number of authorized shares of Class B common stock does not need to be increased in order to effectuate stock split.  Full Article

Brown-Forman Corp enters into a 364-day credit agreement
Friday, 6 May 2016 04:05pm EDT 

Brown-Forman Corp : Brown-Forman Corp says on May 6, 2016, co entered into a 364-day credit agreement . Brown-Forman Corp - new credit agreement is in addition to Brown-Forman's existing $800 million five-year credit agreement dated November 18, 2011 .Brown-Forman Corp - credit agreement provides a $400 million 364-day revolving credit commitment - sec filing.  Full Article

Brown-Forman Corp gives FY 2016 outlook
Wednesday, 2 Mar 2016 07:45am EST 

Brown-Forman Corp:Expects about 5 pct. growth in underlying net sales in FY 2016.Expects 7 pct. to 9 pct. growth in underlying operating income in FY 2016.Expects FY 2016 diluted earnings per share of $3.32 to $3.42 in fiscal 2016, excluding the approximate $483 million gain on sale from Southern Comfort.  Full Article

Brown-Forman says new share repurchase authorization
Thursday, 28 Jan 2016 04:01pm EST 

Brown-Forman Corp:Approves a new $1 billion share repurchase authorization, commencing April 1, 2016 through March 31, 2017.  Full Article

Brown-Forman Corp to sell Southern Comfort and Tuaca to Sazerac for $544 million
Thursday, 14 Jan 2016 08:45am EST 

Brown-Forman Corp:Has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million.  Full Article

Brown-Forman Corp confirms FY 2016 outlook
Wednesday, 2 Dec 2015 07:45am EST 

Brown-Forman Corp:Says that for FY 2016 the company continues to expect 6% to 7% growth in underlying net sales with modest gross margin expansion.Continues to expect 8% to 10% growth in underlying operating income driven by leveraging prior investments.Continues to expect diluted earnings per share of $3.40 to $3.60 in FY 2016.  Full Article

Brown-Forman Corp comments on FY 2016 sales guidance
Wednesday, 26 Aug 2015 08:00am EDT 

Brown-Forman Corp:Says for FY 2016 it continues to expect 6 pct. to 7 pct. growth in underlying net sales.  Full Article

Brown-Forman Corp announces regular quarterly cash dividend
Thursday, 23 Jul 2015 01:45pm EDT 

Brown-Forman Corp:Approved regular quarterly cash dividend of 31½ cents per share on its class A and class B common stock.Says stockholders of record on Sept. 8, will receive the cash dividend on Oct. 1.  Full Article

BRIEF-Brown-Forman CEO's FY 2016 total compensation was $9.6 mln vs $11.02 mln in 2015 - SEC Filing

* Forman Corp CEO Paul Varga's FY 2016 total compensation $9.6 million versus $11.02 million in FY 2015 - SEC Filing Source text for Eikon: (http://1.usa.gov/296JdJm) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)