Brown-Forman Corp Registered Shs -B- Non Vtg

BF.B: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$21.00	Rsqbn	Kjhzwqyw

Wide-Moat Brown-Forman Invests to Grow Beyond Whiskey Stronghold

Dan Su

Aug 11, 2023

Business Strategy and Outlook

We award a wide economic moat rating to Brown-Forman, based on the strong brand-driven intangible assets and cost advantages associated with the spirits maker’s premium American whiskey portfolio that makes up 70% of its overall sales.

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