Welcomes Sonoma-Cutrer Vineyards to The Duckhorn Portfolio Advances Route-to-Consumer Strategy Announces Preliminary Third Quarter 2024 Net Sales The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced that Deirdre Mahlan has been appointed President, Chief Executive Officer and Chairperson, effective immediately. Mahlan has been a member of The Duckhorn Portfolio, Inc. Board of Directors since March 2021. For the past six months, she has served as interim President, Chief Executive Officer and Chairperson, during which time the Board conducted an internal and external leadership search and determined that Mahlan is best positioned to lead the Company forward. "We a
Welcomes Sonoma-Cutrer Vineyards to The Duckhorn Portfolio Advances Route-to-Consumer Strategy Announces Preliminary Third Quarter 2024 Net Sales The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced that Deirdre Mahlan has been appointed President, Chief Executive Officer and Chairperson, effective immediately. Mahlan has been a member of The Duckhorn Portfolio, Inc. Board of Directors since March 2021. For the past six months, she has served as interim President, Chief Executive Officer and Chairperson, during which time the Board conducted an internal and external leadership search and determined that Mahlan is best positioned to lead the Company forward. "We a
Adds Two New Members to the Board of Directors The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") announced the completion, effective April 30, 2024, of its acquisition of Sonoma-Cutrer Vineyards ("Sonoma-Cutrer"), one of the largest and fastest-growing luxury Chardonnay brands in the U.S., from spirits and wine company, Brown-Forman Corporation (NYSE:BF) ("Brown-Forman"). The Duckhorn Portfolio has named two Brown-Forman executives to its Board of Directors, Marshall Farrer, Chief Strategic Growth Officer, and Tim Nall, Chief Global Supply Chain and Technology Officer. The Company finalized the acquisition for the previously announced consideration of approximately $50 million of
10-Q - BROWN FORMAN CORP (0000014693) (Filer)
8-K - BROWN FORMAN CORP (0000014693) (Filer)
Barclays analyst Lauren Lieberman maintains Brown-Forman (NYSE:BF) with a Equal-Weight and lowers the price target from $44 to $43.
Truist Securities analyst Bill Chappell maintains Brown-Forman (NYSE:BF) with a Buy and lowers the price target from $80 to $50.
Roth MKM analyst Bill Kirk maintains Brown-Forman (NYSE:BF) with a Neutral and lowers the price target from $55 to $49.
Morgan Stanley maintains Brown-Forman (NYSE:BF) with a Equal-Weight and lowers the price target from $58 to $45.
JP Morgan analyst Andrea Teixeira maintains Brown-Forman (NYSE:BF) with a Neutral and lowers the price target from $52 to $44.
RBC Capital analyst Nik Modi maintains Brown-Forman (NYSE:BF) with a Sector Perform and lowers the price target from $56 to $49.
Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days. Sentiment among service providers marked the highest monthly growth since August 2023, driven by robust increases in business activity and new orders, according to the ISM survey. The Nasdaq 100 Index soared 1.6% to 18,940 points, marking a new all-time high for the tech-heavy benchmark. Tech giants and semiconductor stocks continue to drive broader market gains. The combined market value of the Magnificent Seven reached the $15 trillion milestone, while the iShares Semiconductor ETF (NASDAQ:SOXX)
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr
Brown-Forman Corp (NYSE:BF) (NYSE:BF) shares are ticking lower after the company reported fourth-quarter FY24 earnings and provided an outlook. The company reported a fourth-quarter FY24 sales decline of 8% year-on-year to $964 million, missing the analyst consensus estimate of $1.031 billion. EPS of $0.56 beat the analyst consensus estimate of $0.41. The gross margin contracted about 180 basis points Y/Y to 59%. The operating margin expanded 1,040 basis points to 38.9%, and operating income for the quarter climbed 25.8% to $375 million. The company held $446 million in cash and equivalents as of April-end. Cash provided by operating activities for twelve months totaled $647 mill
Brown Forman Inc Class A Common Stock (NYSE:BF) reported quarterly earnings of $0.56 per share. This is a 30.23 percent increase over earnings of $0.43 per share from the same period last year. The company reported $964.00 million in sales this quarter. This is a 7.84 percent decrease over sales of $1.05 billion the same period last year.