Brown Forman Inc
26.67-1.37 (-4.89%)
Oct 29, 4:00:02 PM EDT · NYSE · BF-A · USD
Key Stats
Market Cap
12.64BP/E (TTM)
14.90Basic EPS (TTM)
1.79Dividend Yield
0.03%Recent Filings
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. 
8-K
Q1 sales down 3%, organic up 1%
Brown-Forman reported first-quarter fiscal 2026 net sales of $924 million, down 3% from last year but up 1% organically, as divestiture effects and U.S. declines offset emerging market gains. Operating income fell 7% to $260 million, with margins at 28.2%, hit by foreign exchange and $12 million in restructuring charges, yet gross margins expanded to 59.8%. The company reaffirmed its full-year outlook for low-single-digit organic declines. Whiskey sales held flat; tequila dipped amid competition. 
8-K
CFO Cunningham to retire 2026
Brown-Forman announced on August 25, 2025, that CFO Leanne Cunningham will retire effective May 1, 2026, after 30 years, including her role since July 2021. She shaped key strategic decisions in finance and supply chain while building investor ties. The company launched a successor search, targeting an announcement by year-end for a smooth handover. Transition risks loom amid her people-first legacy. 
8-K
Farrer named Chairman; dividend approved
Brown-Forman stockholders elected the full slate of director nominees on July 24, 2025, and ratified Ernst & Young as auditors for fiscal 2026. Marshall B. Farrer, a fifth-generation descendant, stepped in as Chairman after Campbell P. Brown's November 2024 announcement to step down from the role. The board approved a quarterly dividend of $0.2265 per share, payable October 1, 2025. Leadership continuity bolsters long-term strategy amid evolving distribution and investments. 
IPO
Website
Employees
Sector
Industry
ABEV
Ambev S.A.
2.18-0.03
BUD
Anheuser-Busch Inbev SA Sponsor
61.44-0.37
CASK
Heritage Distilling Holding Com
0.60+0.12
DEO
Diageo plc
91.71-2.34
IBG
Innovation Beverage Group Limit
3.38-0.23
MGPI
MGP Ingredients, Inc.
24.69+1.02
REED
Reed's, Inc.
1.25+0.01
SAM
Boston Beer Company, Inc. (The)
212.98-9.75
SBEV
Splash Beverage Group, Inc. (NV
1.87-0.20
STZ
Constellation Brands, Inc.
130.98-3.21