Report on BFA Brown-Forman Corporation
Generated Tuesday June 16, 2009 04:04 AM
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Management Turnover
Announced and unannounced management turnover detected by FirstRain
David's appointment completes the renewal of operational leadership required for the fundamental transformation of our business." - Ian Johnston AUS: Foster's appoints Australasian wine chief
His combination of global drinks industry expertise and wine business understanding uniquely qualifies David to lead [our] Australasian business," - Ian Crawford Foster's poaches drinks veteran to boost wine unit
We were able to deliver strong earnings growth despite significant global economic and foreign exchange headwinds." Brown-Forman posts lower 4Q profit
We are assuming that the business challenges and uncertainty of today will persist during fiscal 2010. While we expect foreign exchange to negatively affect reported earnings and recognise the possibility that further inventory reductions may occur, we are targeting modest growth in underlying operating income." - Paul Varga US: Brown-Forman FY sales, profits fall on tough Q4
June 16 (Reuters) - In the face of increasing global water scarcity, beverage companies are taking steps to conserve this resource. Following are some of the measures:
BEVERAGE INDUSTRY ENVIRONMENTAL ROUNDTABLE (BIER) - With members like Coca-Cola ( KO.
Retirement industry news provided by Financial News USA. MILWAUKEE (AP) -- The recession keeps cutting into consumer drinking, Brown-Forman Corp. said Wednesday, as it announced its fiscal fourth-quarter profit fell 20 percent, hurt by costs related to job cuts and distributors' inventory cuts -- taken in response to consumers reducing their spending on big sellers like Jack Daniel's
In a June 10 story about Brown-Forman Corp.'s earnings, The Associated Press reported erroneously that its Jack Daniel's Tennessee Whiskey brand lost case volume in fiscal 2009. The brand's case volume was up less than 1 percent, not down 2.1 percent.
The recession keeps cutting into consumer drinking, Brown-Forman Corp. said, as it announced its fiscal fourth-quarter profit fell 20 percent, hurt by costs related to job cuts and distributors' inventory cuts — taken in response to consumers reducing their spending on big sellers like Jack Daniel's Tennessee Whiskey.
Brown-Forman Corp. said Wednesday that its fiscal fourth-quarter profit fell 20 percent, mostly hurt by costs related to job cuts and distributor inventory reductions. Still, the results from the maker of Jack Daniels Tennessee Whiskey and other liquors still beat Wall Street's expectations.
Earnings Preview for June 8 - 12
Zacks.com, IL
On the economic front, the Fed will release its periodic Beige Book on Wednesday afternoon. The next morning we will get May retail sales numbers from the Commerce Department. Three Fed officials are scheduled to speak. Governor Daniel Tarullo will ...