Louisville, Kentucky-based Brown-Forman Corporation (BF.B) manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. Valued at $14 billion by market cap, the company’s products include branded whiskey, vodka, wines, tequila, bourbon, and gin. Companies worth $10 billion or more are generally described as “large-cap stocks,” and BF.B perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the b ...

Core Insights - Lassonde Industries Inc. reported solid sales and profit growth in Q3 2025, with sales reaching $723.9 million, a 55.6 million increase from the previous year, driven by effective pricing strategies and a favorable shift in Canadian private label sales [2][3] Financial Performance - Sales for Q3 2025 were $723.9 million, up 4.8% from $668.3 million in Q3 2024, primarily due to selling price adjustments and a favorable change in the Canadian sales mix of private label products [3][6] - Gross profit increased to $197.6 million, representing 27.3% of sales, up from $179.8 million in the same quarter last year [3][6] - Operating profit rose to $57.9 million, an increase of $10.7 million from the previous year, attributed to higher gross profit and reduced transportation costs [3][6] - Profit attributable to shareholders was $36.8 million, resulting in an EPS of $5.40, a 24.2% increase from the same quarter in 2024 [6][27] Adjusted Financial Metrics - Adjusted EBITDA for Q3 2025 was $86.4 million, up 24.7% from $69.3 million in Q3 2024 [6][24] - Adjusted EPS was $5.84, reflecting a 28.9% increase from $4.53 in the same quarter last year [6][27] Capital Expenditures and Investments - The company is focused on executing its strategy, including capital investment projects, with the relocation of production lines to its North Carolina plant completed [3][6] - Capital expenditures for 2025 are estimated to reach up to 7.0% of sales, depending on project progress and macroeconomic conditions [15][31] Outlook and Market Conditions - Lassonde anticipates a sales growth rate slightly above 10% for 2025, driven by the full-year impact of Summer Garden results and increased U.S. sales volume [7][14] - The company is monitoring consumer food habits and demand elasticity amid ongoing inflation in key commodities [7][14] Dividend Information - A quarterly dividend of $1.10 per share was declared, payable on December 15, 2025, to registered holders of Class A and Class B shares [18][31]