Brown-Forman Earnings Reports

Brown-Forman posted weaker quarterly results, with lower net income and revenue driven by the end of the Korbel relationship and a challenging U.S. market. However, the company reaffirmed its full-year guidance and maintained solid gross margin performance.

Brown-Forman's Q1 FY26 revenue declined 3% year-over-year, and EPS fell to $0.36. Despite headwinds in the U.S. and developed markets, growth in emerging markets and travel retail supported results, prompting the company to maintain its full-year guidance.

Q4 revenue and earnings declined, impacted by challenging macroeconomic conditions, divestitures, and lower consumer demand. The company faced reduced gross and operating margins and implemented restructuring initiatives to improve long-term efficiency.

Brown-Forman's Q3 FY25 results showed a 3% decline in net sales to $1.035 billion, a 25% drop in operating income to $280 million, and a 5% decrease in diluted EPS to $0.57. The company attributed the decline to divestitures, lower volumes in certain segments, and foreign exchange effects but maintained confidence in its long-term strategy.

Brown-Forman reported a slight decrease in net sales for the second quarter of fiscal 2025, but diluted earnings per share increased. The company reaffirmed its full-year growth outlook, anticipating a return to growth driven by international markets and normalizing inventory trends.

Brown-Forman reported a decrease in net sales by 8% to $1.0 billion for the first quarter of fiscal 2025. Despite the decline, the company reaffirmed its full-year fiscal 2025 guidance, expecting organic top and bottom-line growth and continued gross margin expansion.

Brown-Forman reported a decrease in net sales for the fourth quarter of fiscal year 2024, but an increase in operating income and diluted earnings per share. The company's full-year results showed a slight decrease in net sales but significant growth in operating income and diluted earnings per share.

Brown-Forman reported a 1% decrease in net sales to $1.1 billion for the third quarter of fiscal year 2024. However, operating income increased by 116% to $373 million, and diluted earnings per share increased by 189% to $0.60.

Brown-Forman reported a 1% increase in net sales to $1.1 billion for the second quarter of fiscal 2024. Operating income rose by 8% to $339 million, and diluted earnings per share increased by 6% to $0.50. The company's first half results showed a 2% increase in net sales to $2.1 billion and a 1% increase in operating income to $666 million.

Brown-Forman Corporation reported a 3% increase in reported net sales to $1.0 billion for the first quarter of fiscal 2024. However, reported operating income decreased by 4% to $327 million, and diluted earnings per share decreased by 7% to $0.48. The company reaffirmed its full-year fiscal 2024 guidance of 5-7% organic net sales growth and 6-8% organic operating income growth.

Brown-Forman Corporation reported a 5% increase in net sales to $1.0 billion for the fourth quarter, with operating income increasing by 21% and diluted earnings per share increasing by 36% to $0.43.

Brown-Forman's Q3 2023 saw a 4% increase in reported net sales, reaching $1.1 billion. However, operating income decreased by 50% to $173 million, impacted by lower gross margin, a Finlandia brand impairment charge, and increased operating expenses. Diluted earnings per share also decreased by 61% to $0.21.

Brown-Forman Corporation reported a 10% increase in net sales to $1.1 billion for the second quarter of fiscal 2023. Operating income decreased by 2% to $313 million, and diluted earnings per share decreased by 4% to $0.47.

Brown-Forman reported strong first quarter fiscal 2023 results with net sales increasing 11% to $1.0 billion and diluted earnings per share increasing 30% to $0.52.

Brown-Forman reported a strong Q4 with net sales increasing by 23% to $996 million and diluted earnings per share increasing by 26% to $0.31. The company's performance was fueled by the resurgence of Jack Daniel's Tennessee Whiskey and broad-based growth across geographic clusters.

Brown-Forman Corporation reported a 14% increase in net sales to $1,037 million and a 19% increase in diluted earnings per share to $0.54 for the third quarter. The company's performance was driven by strong demand for its brands and effective management of supply chain challenges.

Brown-Forman Corporation announced strong net sales results for the second quarter of fiscal 2022, with net sales increasing by 1% to $994 million. The company has also raised its full-year outlook, expressing confidence in its growth momentum despite ongoing challenges from the pandemic and supply chain disruptions.

Brown-Forman's first quarter fiscal 2022 net sales increased by 20% to $906 million, with underlying sales up 18%. Operating income decreased by 25% to $289 million, while diluted earnings per share declined by 41% to $0.40, impacted by the sale of brands in the prior year. The company is closely monitoring potential volatility associated with the evolving pandemic and supply chain disruptions.

Brown-Forman's Q4 2021 net sales increased by 14% to $812 million. However, operating income decreased by 10% to $168 million, and diluted earnings per share declined by 6% to $0.25.

Brown-Forman's Q3 2021 showed a 1% increase in reported net sales to $911 million, but remained flat on an underlying basis. Operating income decreased by 8% to $281 million, and diluted earnings per share declined by 5% to $0.45. The company remains focused on executing long-term strategic priorities and delivering broad-based growth.

Brown-Forman reported essentially flat net sales for the second quarter of fiscal 2021, with a slight decrease in operating income and diluted earnings per share. However, underlying net sales grew by 4%. The first half of the fiscal year saw a slight decrease in reported net sales but an increase in reported operating income and diluted earnings per share.

Brown-Forman's first quarter fiscal 2021 results showed net sales down 2% to $753 million but up 3% on an underlying basis. Operating income increased 56% to $387 million, and diluted earnings per share grew 73% to $0.67.

Brown-Forman reported a 5% decrease in net sales for the fourth quarter of fiscal year 2020, totaling $709 million. Diluted earnings per share also decreased by 20% to $0.27. The company's performance was significantly affected by the COVID-19 pandemic, which impacted on-premise and travel retail channels.

Brown-Forman reported essentially flat net sales of $899 million (+3% on an underlying basis) for the third quarter. Operating income decreased 5% to $304 million (+5% on an underlying basis), while diluted earnings per share rose 2% to $0.48. The company revised its full-year outlook due to tempered expectations in some international markets and an increasingly uncertain global environment.