Latest news with #BrownForman
Yahoo
a day ago
- Business
- Yahoo
These Were the 2 Worst-Performing Stocks in the S&P 500 Over the Last Month
The S&P 500 is hovering near an all-time high as investors have brushed off concerns about tariffs. Enphase Energy tumbled recently on signs that solar credits could be eliminated. Brown-Forman posted another quarter of weak results, due in part to pressure from tariffs. 10 stocks we like better than Brown-Forman › Stocks have rallied in the last month on signs that the economy has thus far been resilient to tariffs and on hopes that the U.S. and China can negotiate a trade agreement. However, not every stock has been a winner. Let's take a look at two of the worst-performing stocks on the S&P 500 (SNPINDEX: ^GSPC) over the last month to see if either of them is worth buying. Enphase Energy (NASDAQ: ENPH), a leading maker of microinverters used with solar panels, took a dive on Tuesday, as the Senate kept cuts to wind and solar energy incentives that were in the House version of the tax and budget bill. Enphase was one of several solar stocks that tumbled on the news, falling 24%, and as of June 17, it's down 30.7% over the last month. That performance continues a weak run for the stock, which is down over the last five years, as solar stocks have struggled due to competition from China, a volatile regulatory environment, and falling prices. Enphase reported first-quarter earnings in April, with solid top-line growth of 35% to $356.1 million and a profit of $29.3 million. Nonetheless, an end of regulatory credits could put significant pressure on its business. Brown-Forman (NYSE: BF.B), maker of Jack Daniel's and other spirits, has also struggled due to regulatory challenges. In Brown-Forman's case, it's due to tariffs imposed on American whiskey exports, impacting its top brands, which also include Woodford Reserve. As of June 17, the stock was down 28.5% over the last month. In its first-quarter earnings report, the company said that revenue fell 7%, or 3% on an organic basis. Brown-Forman also said it named new distributors in 13 markets across the U.S., part of an effort to deliver a boost to domestic sales. Still, with geopolitical pressure on American spirit brands, and broader weakness in the category, Brown-Forman seems likely to continue to struggle. Before you buy stock in Brown-Forman, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brown-Forman wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy. These Were the 2 Worst-Performing Stocks in the S&P 500 Over the Last Month was originally published by The Motley Fool
Yahoo
08-06-2025
- Business
- Yahoo
Jim Cramer Notes Brown-Forman (BF-B) 'Reported a Truly Terrible Quarter'
We recently published a list of . In this article, we are going to take a look at where Brown-Forman Corporation (NYSE:BF-B) stands against other stocks that Jim Cramer discusses. Calling Brown-Forman Corporation (NYSE:BF-B) the 'worst one', Cramer commented: 'But the worst one, Brown-Forman, the maker of Jack Daniel's, which reported a truly terrible quarter. Although if you read the press release propaganda, you might have thought everything's fabulous. Of course, when you look at the stock, which plummeted nearly 18% today, you'll notice that it finished even worse than Tesla stock, which is saying something given the war of words between Elon Musk and President Trump, one of the worst spitball competitions I have ever seen. Brown-Forman (NYSE:BF-B) produces, markets, and sells a variety of alcoholic drinks, including spirits, wines, and ready-to-drink options. The company also provides contract bottling and sells whiskey and wine in bulk. Overall, BF-B ranks 14th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BF-B as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Bloomberg
06-06-2025
- Business
- Bloomberg
Stock Movers: ON Semi, Norwegian Cruise, Brown-Forman
On this edition of Stock Movers: - ON Semi (ON) rallied Tuesday as members on its management team spoke at the Bank of America 2025 Global Technology Conference. At the conference, CEO Hassane El-Khoury discussed that non-AI chips - which ON focuses on - could be heading toward a rebound. It was the best performing stock in the S&P 500. - Norwegian Cruise (NCLH) shares were among the best performing stocks of the week. Investors sent the stock higher as the company's booking trends seem to be improving. - Brown-Forman (BF/B) shares plummeted the most since 2008 after it reported results that trailed expectations while projecting a sales decline for the current fiscal year. The owner of Jack Daniel's brand also sees organic net sales, which strip out items such as currency fluctuations, declining in a low-single digit range for the fiscal year that runs through April 2026. Brown-Forman is anticipating a challenging operating environment this year, 'with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty,' the company said in the earnings statement. The firm also cited potential impact from tariffs not yet in place.
Associated Press
05-06-2025
- Business
- Associated Press
Jack Daniel's maker Brown-Forman sees sales fall as Trump trade conflicts weigh on spirits producers
LOUISVILLE, Ky. (AP) — Brown-Forman Corp. reported weaker sales Thursday as the maker of Jack Daniel's Tennessee Whiskey confronts challenging market conditions amid global trade conflicts and pinched consumer spending. The Louisville, Kentucky-based spirits giant said its full-year net sales of nearly $4 billion were down 5% from a year ago, and fell 7% in in the fourth quarter. Net income was down 15% for the full fiscal year and plunged 45% in the fourth quarter ending April 30, the company said. The quarterly drop came as Brown-Forman and other U.S. spirits producers who rely heavily on foreign sales felt the reverberations from President Donald Trump's sweeping tariff plans and consumer anxiety about the economy. Brown-Forman also offered a sobering assessment for the coming year. Having steered the company through an 'extremely challenging and uncertain operating environment' in the past year, Brown-Forman CEO Lawson Whiting predicted another challenging year ahead. 'Fiscal 2025 was a year unlike any other that I've seen in the past three decades,' he said during a conference call with industry market analysts. Whiting pointed to industry figures showing that many consumers are purchasing smaller sizes of spirits. He called it unusual and said it reflects a consumer 'who's pinched and just goes to the store with a $10 bill instead of $20 and then they get the smaller size.' 'The consumer and their wallet just doesn't have as much money in it,' he said. 'They're spending money on things like vacations and lodging, and other things like that. But then when it trickles down and they go to the grocery store, I think in some cases, spirits have fallen out of the basket a little bit.' In its outlook for the next year, the company said the challenges include continued consumer uncertainty and the 'potential impact from currently unknown tariffs.' 'We know it's highly volatile,' Leanne Cunningham, the company's CFO, said while fielding a question about tariffs during the conference call. 'None of us can predict what's going on.' The company believes the market volatility will 'create sustained levels of consumer uncertainty, which we believe will lead to another year of below historical total distilled spirits trends,' she said. Trump has often announced changes and pauses to his sweeping tariff plans on his social media platform. Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that's set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Brown-Forman executives said Thursday that American spirits brands mostly remain off store shelves in Canada. Trump has angered Canadians with his trade war and calls to make Canada the 51st state. Spirits makers in Kentucky have expressed fears of becoming 'collateral damage' by getting caught up in trade conflicts. 'The uncertainty of the tariffs continues to weigh down distilleries large and small,' Chris Swonger, president and CEO of the Distilled Spirits Council of the United States, said in a statement Thursday. 'We are urging the Trump administration to help get the spirits sector back to fair and reciprocal trade with zero-for-zero tariffs with our major trading partners.' Meanwhile, Brown-Forman's full-year results showed that net sales for its whiskey products were flat. Growth from Jack Daniel's Tennessee Whiskey and its Woodford Reserve brand was offset by the negative effect of foreign exchange and declines in other super-premium Jack Daniel's products, it said. The company will launch a new product, Jack Daniel's Tennessee Blackberry, this summer. 'BlackBerry is a globally recognized, well-established flavor trend, and naturally complements the flavor of Jack Daniel's Tennessee Whiskey,' Whiting said. In January, Brown-Forman announced it was reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. Whiting reaffirmed Thursday that those actions are expected to produce about $70 million to $80 million in annualized cost savings.
Wall Street Journal
05-06-2025
- Business
- Wall Street Journal
Heard on the Street Recap: The Breakup
What Happened in Markets Today Tesla stock fell as Musk and Trump feuded. A war of words between Elon Musk and President Trump escalated over the course of the day Thursday. Trump threatened on social media to cut off federal funding for Musk's businesses, which include Tesla and SpaceX. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' he wrote. Tesla ended the day down 14%. Liquor-maker Brown-Forman plummeted. The maker of Jack Daniels and Woodford Reserve said it expects organic sales to decline this fiscal year as demand slows amid shifting tariffs and uncertainty about the economy. 'It's the consumer,' said Chief Executive Lawson Whiting. 'Their wallet just doesn't have as much money in it.' Brown-Forman shares fell 18%.
