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Brown-Forman Corporation

BF.B Consumer Defensive Beverages Wineries & Distilleries

Brown-Forman Corporation’s revenue for fiscal 2026 (year ended April 2026) was $3.9 billion, down 1.18% from fiscal 2025.

Revenue
−1.41%
EPS
+5.56%
Free cash flow
−0.62%
Total debt
−9.63%

Quarter to July 2026, against a year earlier

30.99 0.31 +1.01%
Market cap
$14.3B
P/E
20.0×
Fwd P/E
17.0×
Dividend yield
—
F-score
7/9
Altman Z
4.08
Beneish M
−2.69
Dividend safety
64/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Brown-Forman Corporation (BF.B) Earnings & Analysis

Updated · Covers results through Q1 FY2027 · How this is made

Latest quarter

Brown-Forman reported Q1 FY2027 revenue of $911.0 million, down −1.41% from Q1 FY2026, and said revenue missed the consensus of $921.2 million by −1.11%. The company reported adjusted EPS, as the consensus counts it, of $0.38, matching the consensus of $0.38, while diluted EPS rose 5.56% to $0.38.

Brown-Forman attributed the revenue decline to unfavorable price/mix and the end of the Korbel relationship, partly offset by higher volumes, foreign exchange and the JDCC transition. Its filing said growth in RTDs and New Mix partly offset declines in tequila, used barrel sales and Korbel-related revenue. Brown-Forman reported gross margin of 60.3%, up 0.5 percentage points, while operating margin was 27.7%, down −0.5 percentage points. The company reported free cash flow of $161.0 million, down −0.62% from Q1 FY2026.

Q1 FY2027 Q1 FY2026 Change
Revenue $911.0 million $924.0 million −1.41%
Diluted EPS $0.38 $0.36 5.56%
Gross margin 60.3% 59.7% 0.5 percentage points
Operating margin 27.7% 28.1% −0.5 percentage points
Free cash flow $161.0 million $162.0 million −0.62%
Against the consensus Reported Consensus Result
Adjusted EPS $0.38 $0.38 In line
Revenue $911.0 million $921.2 million Missed by 1.11%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

No earnings-call transcript was available for Q1 FY2027, so the company’s latest-call commentary, analyst questions and management answers were not available.

Guidance

Brown-Forman’s September release expects organic net sales to be approximately flat in FY2027. The company expects organic operating income to decline in the 3% to 5% range, an effective tax rate of approximately 20.0% to 22.0%, and capital expenditures between $60.0 million and $70.0 million.

Metric For Guide Previous guide Change
Capex FY2027 $60.0 million–$70.0 million — New
Tax rate FY2027 20.0%–22.0% — New
Operating income growth, Organic FY2027 3.00%–5.00% — New
Revenue, Organic FY2027 Brown-Forman expects organic net sales to be approximately flat in fiscal 2027. — —

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.