Valued at a market cap of $14.4 billion, Brown-Forman Corporation (BF-B) is a family-controlled leader in the global spirits and wine industry. The Kentucky-based company’s portfolio features iconic brands such as Jack Daniel’s, Woodford Reserve, Old Forester, and several Scotch, tequila, and liqueur labels.
BF-B’s shares have significantly lagged behind the broader market over the past 52 weeks. Brown-Forman has declined 31.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.3%. Moreover, the stock is down 19.9% on a YTD basis, compared to SPX’s 8.7% rise during the same time frame.
