Brown-Forman Class B

BF.B

Market cap $12.2B

Looking back at my days as an investment analyst in Toronto, I remember vividly that Brown-Forman was generally viewed on the street as a high-quality compounder for the long run. After reaching an all-time high of around $80.00 in November 2020, BF's share price has declined by almost 70% and is now trading at levels last seen in early 2013. Although organic net sales are expected to decline again in the low single digits in fiscal 2026, BF continues to generate significant free cash flows supported by a strong balance sheet.

The ProShares S&P 500 Dividend Aristocrat ETF (NOBL) underperformed SPY in 2025, gaining 7.2% versus SPY's 18.42%. Despite average underperformance, select Aristocrats like CAH (+74.18%), ALB (+66.90%), and CHRW (+61.22%) delivered strong double-digit returns. Dividend growth for the Aristocrats slowed to 5.52% in 2025, down from 5.78% in 2024, with 68 of 69 raising payouts.

Rising revenues in 2026 should help out the middle consumer and boost stocks catering to them, says Goldman Sachs.

Fewer booze buyers are reaching for the top shelf.

BF.B's quarterly sales beat mark but earnings slip as shifting demand, brand transitions and innovation reshape its fiscal 2026 outlook.

Brown-Forman Q2 2026 results were in line with expectations, with some minor developments that are worth keeping an eye on. The quarter and investors' reaction have shown that we are likely past the peak in pessimism around the stock. BF.B is now priced at very attractive levels, and the stock has also become a notable dividend play.

Brown-Forman Corporation (BF.B) Q2 2026 Earnings Call Transcript

Brown-Forman B (BF.B) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.55 per share a year ago.

Jack Daniel's maker Brown-Forman on Thursday beat Wall Street estimates for quarterly sales and maintained its annual forecasts as the company banks on demand for its whiskeys in emerging markets to offset softness in the U.S.

Brown-Forman reported lower profit in its second quarter as challenging headwinds weighed on revenue.