Plus   Neg

Brown-Forman Trims FY20 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Brown-Forman Corp. (BFA,BFB) trimmed its earnings and underlying net sales growth outlook for the full-year 2020, reflecting tempered expectations in some of its international markets reflecting both short-term disruptions and an increasingly uncertain global economic and geopolitical environment. This outlook also includes an estimated impact of COVID-19 (coronavirus).

For fiscal 2020, the company projects now earnings in a range of $1.75 to $1.80 per share on underlying net sales growth in the low-single digits.

Previously, the company expected earnings in a range of $1.75 to $1.85 per share on underlying net sales growth in the 5 to 7 percent range.

On January 28, 2020, the Brown-Forman Board of Directors declared a regular quarterly cash dividend of $0.1743 per share on the Class A and Class B common stock, payable on April 1, 2020, to stockholders of record on March 9, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
Follow RTT