BF.B’s share price is up 42% over the last 12 mo., but has remained relatively flat YTD (-2%).Ĭonstellation Brands ( STZ) owns 100+ brands within its portfolio, including Corona Extra. BF.B’s Q3 ‘18 results are comparable to net sales (+9% YoY to $2.5 billion) and operating income growth (+15% YoY to $894 million) over the first 9 months of the company’s fiscal ‘18 year. The company’s American whiskey brands, Old Forester and Woodford Reserve, each contributed double-digit underlying net sales gains during the quarter (ended on January 31st). On March 7th, BF.B released its fiscal Q3 ’18 financials a strong report that reflected net sales growth +9% YoY (to $878 million), with operating income up +11% YoY (to $304 million). Howie Long-Short: Louisville based Brown-Forman Corp. ( BF.B) took over title sponsorship of the “most exciting 2 minutes in sports” from Yum Brands ( YUM) and is using the exposure to market their Woodford Reserve bourbon the key ingredient in a mint julep (the event’s signature drink).
