Shares of Brown-Forman Corporation (NYSE:BF.B) ended Friday session in green amid volatile trading. The shares closed down -1.21 points or -2.59% at $45.58 with 224.84 million shares getting traded. Post opening the session at $46.61 the shares hit an intraday low of $45.58 and an intraday high of $46.73 and the price vacillated in this range throughout the day. The company has a market cap of $18.34 billion and the numbers of outstanding shares have been calculated to be 224.84 million shares.
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No. 27 Gold Tennessee Whiskey, Finlandia Vodkas, Finlandia RTDs, Korbel California Brandy, Woodford Reserve Kentucky Bourbons, el Jimador Tequilas, el Jimador New Mix RTDs, Herradura Tequilas, Canadian Mist Canadian Whisky, Sonoma-Cutrer California Wines, Early Times Kentucky Whisky and Bourbon, Chambord Liqueur, Old Forester Kentucky Bourbon, Antiguo Tequila, Pepe Lopez Tequila, Santa Dose Cachaca and Collingwood Canadian Whisky.
Shares of Hershey Co (NYSE:HSY) ended Friday session in red amid volatile trading. The shares closed down -1.85 points or -1.89% at $96.18 with 152.57 million shares getting traded. Post opening the session at $97.79 the shares hit an intraday low of $96.16 and an intraday high of $97.90 and the price vacillated in this range throughout the day. The company has a market cap of $20.29 billion and the numbers of outstanding shares have been calculated to be 152.57 million shares.
On September 6, 2016 Chef’d, the first and only online meal kit marketplace, announced a partnership with The Hershey Company (HSY) to add the confectionery leader’s iconic desserts to its growing meal kit offerings. The partnership marks the launch of the desserts category for Chef’d as well as the first time branded desserts enter the online meal kit market, giving customers the ability to purchase desserts from HersheysKitchens.com and Scharffenberger.com.
With the home meal kit market growing approximately 3001 percent annually and expected to grow to $36 billion over the next 10 years2, Chef’d provides a new and innovative distribution channel for The Hershey Company’s portfolio of brands that aligns with the shifting ways in which people shop and cook.
“We’re pleased to partner with Chef’d to be the first to bring branded desserts to the meal kit market. Hershey is committed to offering our beloved brands every place where people shop,” said Carrie Lathrop, Manager, E-Commerce and Emerging Channels, The Hershey Company. “The rise of the meal kit market is undeniable – boxes provide unprecedented convenience while maintaining the engaging experience of home baking.”