Inferra AI / Company / BF.B
Brown-Forman
BF.B · Consumer Staples
Last earnings Sep 2, 2026
Key results
Operating incomequarter
7%
Operating income decreased 7% to $260 million (+2% on an organic basis) and diluted earnings per share decreased 13% to $0.36.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
EPSquarter
13%
Operating income decreased 7% to $260 million (+2% on an organic basis) and diluted earnings per share decreased 13% to $0.36.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Operating income declined 7% primarily driven by unfavorable foreign exchange.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Gross marginquarter
59.8%
Gross margin expanded 40 basis points to 59.8% driven by the positive effect of acquisitions and divestitures, partially offset by higher costs, unfavorable price mix, and the negative effect of foreign exchange.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Operating marginquarter
28.2%
Operating income declined 7% (+2% organic) with an operating margin decrease of 140 basis points to 28.2%.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Net revenuequarter
6%
Prior-Year Period Geographic Area - Net Sales United States 6% Developed International (1%) Emerging 10% Travel Retail % Non-branded and bulk % Product category brand family brand Whiskey 4% JDTW 2% JDTH 2% Gentleman Jack 1% JDTA 14% JDTF % Woodford Reserve % Old Forester 13% Rest of Whiskey 41% Ready-to-Drink 1% JD RTD RTP 1% New Mix % Tequila 7% el Jimador 20% Herradura (5%) Rest of Portfolio 6% Non-branded and bulk % Statement of Operations Line Items Net Sales 4% Cost of Sales 3% Gross Profit 5% Operating Income 10% See Note 3 - Definitions for details on our geographic aggregations, brand aggregations, and other metrics.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
AI analysis
Q1 FY2026 · reported Aug 28, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Operating income | 7% | — | — |
| EPS | 13% | — | — |
| Gross margin | 59.8% | — | — |
| Operating margin | 28.2% | — | — |
| Net revenue | 6% | — | — |
Guidance · company-stated
Direction: Reiterated
“htm EX-99.1 Document NEWS RELEASE BROWN-FORMAN REPORTS FIRST QUARTER FISCAL 2026 RESULTS REAFFIRMS FULL YEAR OUTLOOK August 28, 2025, LOUISVILLE, KY Brown-Forman Corporation (NYSE BFA, BFB) reported financial results for its first quarter of fiscal 2026, ended July 31, 2025, with net sales decreasing 3% 1 to $924 million (+1% on an organic basis 2 ) compared to the same prior-year period.”
“We are pleased to reaffirm our full-year outlook and remain confident in our ability to create long-term value for shareholders.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
First Quarter of Fiscal 2026 Financial Stewardship On July 24, 2025, the Brown-Forman Board of Directors declared a regular quarterly cash dividend of $0.2265 per share on its Class A and Class B common stock.
Event summary
Operating income decreased 7% to $260 million (+2% on an organic basis) and diluted earnings per share decreased 13% to $0.36
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Reiterated
Revenue: “htm EX-99.1 Document NEWS RELEASE BROWN-FORMAN REPORTS FIRST QUARTER FISCAL 2026 RESULTS REAFFIRMS FULL YEAR OUTLOOK August 28, 2025, LOUISVILLE, KY Brown-Forman Corporation (NYSE BFA, BFB) reported financial results for its first quarter of fiscal 2026, ended July 31, 2025, with net sales decreasing 3% 1 to $924 million (+1% on an organic basis 2 ) compared to the same prior-year period.”
Revenue — Reiterated (“REAFFIRMS”)
“htm EX-99.1 Document NEWS RELEASE BROWN-FORMAN REPORTS FIRST QUARTER FISCAL 2026 RESULTS REAFFIRMS FULL YEAR OUTLOOK August 28, 2025, LOUISVILLE, KY Brown-Forman Corporation (NYSE BFA, BFB) reported financial results for its first quarter of fiscal 2026, ended July 31, 2025, with net sales decreasing 3% 1 to $924 million (+1% on an organic basis 2 ) compared to the same prior-year period.”
Company outlook — Reiterated (“reaffirm”)
“We are pleased to reaffirm our full-year outlook and remain confident in our ability to create long-term value for shareholders.”
Revenue — Lowered (“lower”)
“Fiscal 2026 Outlook We continue to anticipate the operating environment for fiscal 2026 to be challenging, with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty, the potential impact from currently unknown tariffs, and lower non-branded sales of used barrels.”
Classified from the release's primary full-year outlook statement.
Capital allocation
First Quarter of Fiscal 2026 Financial Stewardship On July 24, 2025, the Brown-Forman Board of Directors declared a regular quarterly cash dividend of $0.2265 per share on its Class A and Class B common stock.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
The dividend is payable on October 1, 2025, to stockholders of record on September 3, 2025.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Brown-Forman, a member of the S P 500 Dividend Aristocrats Index, has paid regular quarterly cash dividends for 81 consecutive years and has increased the regular dividend for 41 consecutive years.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Capital expenditures planned to be in the range of $125 to $135 million.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
We also use foreign currency-denominated debt instruments and cross-currency swaps (entered into in the first quarter of fiscal 2027) to help manage our foreign currency exchange rate risk.
SEC original ↗Brown-Forman — 10-Q Quarterly report10-QSep 2, 2026
We designate a portion of the debt instruments and cross-currency swaps as net investment hedges, which are intended to mitigate foreign currency exposure related to non-U.
SEC original ↗Brown-Forman — 10-Q Quarterly report10-QSep 2, 2026
Strategy & priorities
Superior innovation and bold route-to-consumer strategies, in particular, have positioned us to deliver resilient results in the face of persistent headwinds.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
The company incurred $12 million in charges related to the strategic restructuring initiative announced in January 2025.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
The decrease was primarily driven by the negative effect of foreign exchange, the absence of the prior-year franchise tax refund, and the impact of the restructuring initiative.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
We remain focused on building our business for the long term and navigating the current environment at pace with strategic initiatives in fiscal 2026 that we believe will unlock future growth led by the significant evolution of our U.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
distribution, the restructuring initiative, and meaningful new product innovation.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Risks & headwinds
Superior innovation and bold route-to-consumer strategies, in particular, have positioned us to deliver resilient results in the face of persistent headwinds.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Net sales in the Developed International markets declined 8% (-9% organic) due to soft consumer demand impacted by macroeconomic and geopolitical uncertainty.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Fiscal 2026 Outlook We continue to anticipate the operating environment for fiscal 2026 to be challenging, with low visibility due to macroeconomic and geopolitical volatility as we face headwinds from consumer uncertainty, the potential impact from currently unknown tariffs, and lower non-branded sales of used barrels.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from those expressed in or implied by the forward-looking statements.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
14 Note 3 - Definitions From time to time, to explain our results of operations or to highlight trends and uncertainties affecting our business, we aggregate markets according to stage of economic development as defined by the International Monetary Fund (IMF), and we aggregate brands by beverage alcohol category.
SEC original ↗Brown-Forman — Earnings release (8-K exhibit)EX-99Aug 28, 2025
Legal Proceedings 37 Item 1A.
SEC original ↗Brown-Forman — 10-Q Quarterly report10-QSep 2, 2026
Competitors
Competitors & peers
Named in the company’s own filings
Filings
34 documents- Q2 2026
- 8-KBF.B
Sep 21, 2026
- 10-QBF.B
Sep 2, 2026
- 8-KBF.B
Sep 2, 2026
- 8-KBF.B
Jul 23, 2026
- 8-KBF.B
Jul 13, 2026
- Q1 2026
- 10-KBF.B
Jun 12, 2026
- 8-KBF.B
Jun 4, 2026
- 8-KBF.B
Apr 28, 2026
- EX-99BF.B
Apr 28, 2026
- Q4 2025
- 8-KBF.B
Mar 27, 2026
- EX-99BF.B
Mar 27, 2026
- 8-KBF.B
Mar 16, 2026
- EX-99BF.B
Mar 16, 2026
- 10-QBF.B
Mar 4, 2026
- 8-KBF.B
Mar 4, 2026
- Q3 2025
- 10-QBF.B
Dec 4, 2025
- 8-KBF.B
Dec 4, 2025
- 8-KBF.B
Oct 31, 2025
- 8-KBF.B
Oct 2, 2025
- EX-99BF.B
Oct 2, 2025
- Q2 2025
- 10-QBF.B
Aug 28, 2025
- 8-KBF.B
Aug 28, 2025
- 8-KBF.B
Aug 25, 2025
- 8-KBF.B
Jul 24, 2025
- Q1 2025
- 10-KBF.B
Jun 13, 2025
- 8-KBF.B
Jun 5, 2025
- 8-KBF.B
Apr 28, 2025
- 8-KBF.B
Apr 3, 2025
- Q4 2024
- 10-QBF.B
Mar 5, 2025
- 8-KBF.B
Mar 5, 2025
- 8-KBF.B
Jan 14, 2025
- Q3 2024
- 8-KBF.B
Dec 19, 2024
- 10-QBF.B
Dec 5, 2024
- 8-KBF.B
Dec 5, 2024
Earnings releases
10 documentsPresentations
0 documentsNo presentations for Brown-Forman are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Brown-Forman are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Brown-Forman by name or ticker. A mention is counted once per document, from the document text the library holds.
“illion and free cash flow 2 increased by $32 million … …Stewardship On July 23, 2026, the Brown-Forman Board of Directors declared a regular quarterly cash dividend of $0.2310 per share on its Class A and Class B common stock. The dividend is payable”
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK)
“ million. The forecasted effective tax rate range has been… …equity $ 8,166 $ 8,071 8 Brown-Forman Corporation Unaudited Condensed Consolidated Statements of Cash Flows For the Nine Months Ended January 31, 2024 and 2025 (Dollars in millions) 2”
“ss for Successor; Company Reiterates Fiscal 2027 Outlook LOUISVILLE, KY – July 13, 2026 – Brown-Forman Corporation (NYSE: BFA, BFB) today announced Lawson Whiting… …or sale of our products, or result in higher fixed costs • Production facility, aging”
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