BF-A
Brown-Forman Corporation30.00
+0.05+0.17%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
CFO succession announced
Brown-Forman elected James W. Peters as Executive VP and CFO effective March 31, 2026, succeeding retiring Leanne D. Cunningham on May 1. Peters, ex-Whirlpool finance leader, brings expertise in margins and global demand volatility. Base salary: $825,000; target incentives total $3.225M plus $1.1M equity grants. Smooth transition bolsters finance amid headwinds.
10-Q
Q3 FY2026 results
Brown-Forman posted Q3 FY2026 net sales of $1,056M, up 2% y/y yet flat q/q (derived), with gross profit climbing 4% y/y to $640M at 60.6% margin thanks to lower restructuring charges. Operating income jumped 21% y/y to $340M, fueled by $3M restructuring (down from $31M) and reduced advertising; diluted EPS held steady at $0.58. Emerging markets drove 16% y/y sales growth to $748M YTD, offsetting U.S. softness, while whiskey hit $797M quarterly. Cash from operations soared to $709M YTD; sold cooperage May 2025 for $33M cash plus $88M supply contract (6-year term). Debt steady around $2.4B; $400M buyback done. Distributor inventory swings pose risks.
8-K
Q3 sales up, YTD flat; outlook holds
Brown-Forman posted Q3 net sales up 2% to $1.1B and operating income up 21% to $340M, yet nine-month sales dipped 2% to $3.0B with operating income flat at $905M. Emerging markets surged 16%, offsetting U.S. declines from ended Korbel ties. Cash flows soared. Full-year outlook reaffirmed: low-single-digit organic declines. Free cash flow hit $628M.
10-Q
Q2 FY2026 results
Brown-Forman posted Q2 FY2026 net sales of $1,036M, down 5% y/y from $1,095M yet gross margin ticked up to 59.3% from 59.1% on favorable mix from emerging markets growth and lower non-branded sales. Operating income fell 10% y/y to $305M amid $4M restructuring charges tied to the cooperage closure, while YTD figures show $1,960M net sales (-4% y/y) and $565M operating income (-9% y/y), with diluted EPS at $0.47 (down 14% y/y, reconciles to 472.6M shares). Cash from operations surged to $292M YTD, funding $99M share repurchases; cash ended at $319M with short-term borrowings at $228M and $2.4B long-term debt. Sold Brown-Forman Cooperage May 1, 2025 for $33M cash plus $88M supply contract (six-year term). Solid cash flow persists. Distributor inventory swings pose risks.
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