BROWN FORMAN CORP (BF-A) Form 10-Q — Sep 2, 2026
Brown-Forman reported fiscal 2027 first-quarter net sales of $911 million for the three months ended July 31, 2026, down 1% from $924 million a year earlier, with the decline driven by the end of the Korbel agency relationship, lower used barrel sales, and tequila softness, partially offset by RTD growth and emerging-markets strength. Diluted EPS rose 6% to $0.38 from $0.36 and net income climbed to $176 million from $170 million, helped by non-operating postretirement expense falling to $1 million from $19 million and the accretive effect of prior-year share repurchases.
Key figures
- Eps
- 0.38
- Revenue
- 911
- Net Income
- 176
- Revenue Yoy
- -1%
- Total Assets
- 7825
- Cash Position
- 301
- Units Note
- USD millions unless noted
- Gross Sales
- 1181
- Gross Margin
- 60.2% (up 0.4 pp from 59.8%)
- Gross Profit
- 549
- Long Term Debt
- 2083
- Dividends Paid
- 106
- Operating Income
- 252
- Operating Margin
- 27.7% (down 0.5 pp from 28.2%)
- Effective Tax Rate
- 23.0% vs 22.5% prior year
- Gin Mare Earn Out Max
- EUR 90 million
- Operating Cash Flow
- 173
- Long Term Debt Repaid
- 343
- Short Term Borrowings
- 358
- Operating Income Change
- -3% reported / +4% organic
- Class AShares Outstanding
- 168480849
- Class BShares Outstanding
- 290383416
- Dividends Declared Per Share
- 0.231
- Cooperage Supply Contract Intangible
- 88
- Gin Mare Contingent Consideration Balance
- 20
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.