A leading producer and distributor of premium alcoholic beverages, Brown-Forman Corporation (BF.B - Free Report) recently disclosed plans to take its distribution in Spain in-house by Jul 1, 2017. Brown-Forman’s successful distribution partnership with Importaciones y Exportaciones Varma S.A., one of the major distribution companies in Spain, will end by Jun 30, 2017.
The company owns and has direct control over its distribution channels in Australia, Brazil, Canada, China, the Czech Republic, France, Germany, Hong Kong, Mexico, Poland, South Korea, Thailand, Turkey, and the U.K. Additionally, the Spanish distribution organization will join the 14 aforementioned markets.
Brown-Forman markets its products in over 135 countries and expects to grow on the back of strong demand for its authentic American whiskey brands worldwide. The company has a strong portfolio of more than 25 premium brands, including Jack Daniel’s, the flagship spirits brand.
Brown-Forman, the current owner of prominent brands like Woodford Reserve and Finlandia Vodka, cited Spain as Europe’s third-largest and the world’s ninth-largest whiskey market. Likely, there will be ample scope for the company to market its popular Jack Daniel’s and other recognized brands. This will help it to strengthen its market share.
The alcoholic-beverage company will add nearly 40 workers to the Spanish distribution unit.
We believe that Brown-Forman’s consistent focus on pricing, product innovation and expansion strategies will solidify its brand portfolio and subsequently enhance its market position.
Zacks Rank
Currently, Brown-Forman carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail space include Constellation Brands Inc. (STZ - Free Report) , Molson Coors Brewing Company (TAP - Free Report) and Cabela's Incorporated , all holding a Zacks Rank #2 (Buy).
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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A leading producer and distributor of premium alcoholic beverages, Brown-Forman Corporation (BF.B - Free Report) recently disclosed plans to take its distribution in Spain in-house by Jul 1, 2017. Brown-Forman’s successful distribution partnership with Importaciones y Exportaciones Varma S.A., one of the major distribution companies in Spain, will end by Jun 30, 2017.
The company owns and has direct control over its distribution channels in Australia, Brazil, Canada, China, the Czech Republic, France, Germany, Hong Kong, Mexico, Poland, South Korea, Thailand, Turkey, and the U.K. Additionally, the Spanish distribution organization will join the 14 aforementioned markets.
Brown-Forman markets its products in over 135 countries and expects to grow on the back of strong demand for its authentic American whiskey brands worldwide. The company has a strong portfolio of more than 25 premium brands, including Jack Daniel’s, the flagship spirits brand.
Brown-Forman, the current owner of prominent brands like Woodford Reserve and Finlandia Vodka, cited Spain as Europe’s third-largest and the world’s ninth-largest whiskey market. Likely, there will be ample scope for the company to market its popular Jack Daniel’s and other recognized brands. This will help it to strengthen its market share.
The alcoholic-beverage company will add nearly 40 workers to the Spanish distribution unit.
We believe that Brown-Forman’s consistent focus on pricing, product innovation and expansion strategies will solidify its brand portfolio and subsequently enhance its market position.
Zacks Rank
Currently, Brown-Forman carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail space include Constellation Brands Inc. (STZ - Free Report) , Molson Coors Brewing Company (TAP - Free Report) and Cabela's Incorporated , all holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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