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Apr 30, 2024
Brown-Forman Q4 2024 Earnings Report
Brown-Forman's Q4 2024 earnings declined due to inventory reductions across the spirits value chain, but the company remained focused on long-term growth.
Key Takeaways
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.
Fourth quarter reported net sales decreased 8% to $1.0 billion.
Fourth quarter reported operating income increased 26% to $375 million.
Fourth quarter diluted earnings per share increased 31% to $0.56.
Full year reported net sales decreased 1% to $4.2 billion.
Revenue by Geographic Location
Forward Guidance
Brown-Forman anticipates a return to growth for organic net sales and organic operating income in fiscal 2025, driven by gains in international markets and normalizing inventory trends, tempered by global macroeconomic and geopolitical uncertainties.
Positive Outlook
- Organic net sales growth in the 2% to 4% range.
- Organic operating income growth in the 2% to 4% range.
- Effective tax rate to be in the range of approximately 21% to 23%.
- Capital expenditures planned to be in the range of $195 to $205 million.
Challenges Ahead
- Global macroeconomic and geopolitical uncertainties will continue to create a challenging operating environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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