
Jack Daniel's, the legendary Tennessee whiskey brand, is in the midst of a sales hangover. On 5 June 2025, parent company Brown-Forman Corp. reported weaker-than-expected earnings, triggering its steepest one-day stock drop in history.
CEO Lawson Whiting identified three surprising forces behind the downturn: the rise of legal cannabis, the popularity of weight-loss drugs, and declining interest among Generation Z.