BF-A
Brown-Forman Corporation30.00
+0.05+0.17%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.90BP/E (TTM)
17.54Basic EPS (TTM)
1.71Dividend Yield
0.03%Recent Filings
8-K
10-Q
8-K
8-K
Board approves $400M buyback
Brown-Forman Corporation's board approved a $400 million share repurchase program for its Class A and B common stock on October 1, 2025, running through October 1, 2026, via open market, block, Rule 10b5-1, or private deals—flexible and terminable anytime. This signals confidence in robust cash flow amid competition, aligning with capital returns while prioritizing growth investments. Yet risks lurk in forward-looking uncertainties.
10-Q
Q1 FY2026 results
Brown-Forman posted Q1 FY2026 net sales of $924M, down 3% y/y but up 1% organically, with volumes rising 3% on New Mix growth and U.S. distributor builds for Jack Daniel's Tennessee Blackberry and transitions, yet price/mix fell 6% from barrel sales weakness. Gross profit dipped 2% to $552M, but margin edged up 0.4pp to 59.8% thanks to divestitures like Sonoma-Cutrer offsetting higher costs. Operating income slipped 7% to $260M amid restructuring charges and forex headwinds, while net income fell 13% to $170M, or $0.36 diluted EPS, reconciling to 472,963 weighted shares with no anti-dilution flagged. Cash from operations surged to $160M, up from $17M, driving $471M in cash; free cash flow not disclosed in the 10-Q. The restructuring initiative closed the Louisville cooperage in May 2025 for $33M cash plus an $88M supply contract (amortized over six years), recognizing immaterial gain. Total debt stood at $2,419M, including $344M current 1.20% notes due 2026, with $900M revolver available. Yet distributor inventory swings pose risks to steady demand.
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