{"filings":[{"id":1829997,"accession_number":"0000014693-26-000035","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-07-23T20:18:43+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Brown-Forman declares $0.2310 quarterly dividend; CEO succession underway","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Board approved quarterly cash dividend of $0.2310 per share, payable Oct 1, 2026 to holders of record Sep 3, 2026.","CEO Lawson Whiting to retire upon appointment of successor; internal and external candidates being considered.","Stockholders elected all 11 director nominees, approved executive compensation, and ratified Ernst & Young as auditor for fiscal 2027.","Company has paid regular dividends for 82 consecutive years and increased for 42 consecutive years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1611157,"accession_number":"0000014693-26-000033","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-07-13T20:40:00+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman CEO Lawson Whiting to retire; board starts successor search","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lawson Whiting to retire as President & CEO after nearly 30 years, effective upon appointment of successor.","Board initiates search considering internal and external candidates, led by Governance Committee chaired by Tracy Skeans.","Whiting will remain in advisory role post-successor to ensure smooth transition.","Company reiterates fiscal 2027 outlook as disclosed on June 4, 2026.","Chairman Marshall Farrer thanks Whiting for leadership; notes portfolio strength."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":843396,"accession_number":"0000014693-26-000018","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-06-04T12:02:54+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman reports FY 2026 net sales flat, operating income -10%, EPS -17%; guides FY 2027 flat sales","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year net sales $3.9B, down 1% reported (flat organic); Q4 net sales $912M, up 2% reported (+2% organic).","Full year operating income $1.0B, down 10% reported (-2% organic); diluted EPS $1.53, down 17%.","Q4 operating income $96M, down 53% reported (flat organic); diluted EPS $0.12, down 62%.","Cash flow from operations grew $402M to $1.0B; free cash flow up $462M to $893M.","FY 2027 outlook: organic net sales approximately flat; organic operating income decline 3%-5%; tax rate 20%-22%; capex $60-70M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93020,"accession_number":"0000014693-26-000016","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Brown-Forman and Pernod Ricard terminate talks for potential combination","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Companies unable to reach mutually agreeable terms.","Discussions first confirmed on March 26, 2026.","Brown-Forman will focus on strategic and operational priorities to create value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104301,"accession_number":"0000014693-26-000014","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Brown-Forman confirms merger-of-equals discussions with Pernod Ricard","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Discussions with Pernod Ricard regarding a potential business combination akin to a merger of equals.","No agreement has been reached; no assurance any transaction will occur.","Expected significant synergies, creating global spirits leader with enhanced scale and iconic brand portfolio.","Brown-Forman will not comment further unless and until an agreement is reached."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104300,"accession_number":"0000014693-26-000012","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman appoints Jim Peters as CFO effective March 31, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jim Peters, formerly EVP at Whirlpool, succeeds Leanne Cunningham who retires May 1, 2026.","Annual base salary $825,000; short-term incentive target $825,000; long-term incentive target $2.4M.","One-time equity awards: RSUs $900k, prorated SSARs $66k, prorated PBRSUs $134k.","Peters to report to CEO Lawson Whiting; brings experience in margin management and global operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104299,"accession_number":"0000014693-26-000005","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2026-03-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q3 net sales +2% to $1.1B; YTD EPS -8% to $1.41; reaffirms outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Nine-month net sales -2% to $3.0B; operating income flat at $905M; diluted EPS -8% to $1.41.","Q3 net sales +2% to $1.1B; operating income +21% to $340M; EPS +1% to $0.58.","US net sales -8% (-1% organic); Emerging +16%; Travel Retail +9%; Whiskey +2%, Tequila -6%.","Guidance reaffirmed: organic net sales and operating income decline low-single digit; capex $110-120M; tax rate 19%-21%.","Completed $400M share repurchase in Dec 2025; dividend of $0.2310/share declared, payable April 1, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":1.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":3016000000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120594,"accession_number":"0000014693-25-000107","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-12-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q2 net sales -5% to $1.0B, EPS -14%; reaffirms FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 reported net sales down 5% to $1.0B; operating income -10% to $305M; EPS $0.47 (-14% YoY).","First half net sales -4% to $2.0B; operating income -9% to $565M; EPS $0.83 (-13%).","Dividend increased 2% to $0.2310/share (42nd consecutive year); $400M share repurchase authorized.","Capex guidance trimmed to $110-120M from $125-135M; full-year organic sales & op income outlook reaffirmed.","Whiskey flat, Tequila -3%; Travel Retail +7% but US -9% and Developed International -4%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":1960000000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120593,"accession_number":"0000014693-25-000101","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Brown-Forman adopts executive change-in-control severance plan effective Oct 31, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO receives 3.0x severance multiple (base salary plus higher of target or earned bonus); other ELT members 2.0x.","Benefits include lump-sum cash, 18 months COBRA, full equity vesting (performance awards at target), and $10,000 tax prep.","Plan covers named executive officers and select key employees; effective immediately for qualifying terminations near a change in control.","Plan supersedes prior severance agreements during the protection period (30 days pre- to 24 months post-change)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120592,"accession_number":"0000014693-25-000098","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-10-02T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Brown-Forman board approves $400M share repurchase program through Oct 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved $400M share repurchase authorization from Oct 1, 2025 to Oct 1, 2026.","Repurchases may be made via open market, block trades, Rule 10b5-1 plans, or private transactions.","Company is not obligated to repurchase any minimum number of shares; program may be suspended or terminated anytime.","CEO Lawson Whiting cited strong cash flow and commitment to returning capital while maintaining growth investment flexibility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137195,"accession_number":"0000014693-25-000093","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-08-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q1 net sales -3% to $924M; diluted EPS -13% to $0.36; reaffirms FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales declined 3% to $924M; organic net sales up 1%; operating income -7% to $260M (+2% organic).","Diluted EPS decreased 13% to $0.36; gross margin expanded 40 bps to 59.8%.","Whiskey net sales flat; Jack Daniel's Tennessee Blackberry launch offset by US/Germany declines; Tequila -1% organic.","United States net sales -8% (-2% organic); Emerging markets +20% (+25% organic).","Fiscal 2026 outlook reiterated: organic net sales and operating income decline low-single digit; capex $125-135M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":924000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137194,"accession_number":"0000014693-25-000088","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-08-25T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman CFO Leanne Cunningham to retire on May 1, 2026; search for successor started","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Cunningham informed company of retirement effective May 1, 2026 after 30 years of service.","She joined in 1995 as Corporate Accountant and was named EVP, CFO in July 2021.","Company has initiated formal search for successor; expects to announce by end of calendar 2025.","CEO Lawson Whiting praised her leadership and people-first approach; no interim CFO named."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137193,"accession_number":"0000014693-25-000073","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Brown-Forman elects directors, names Marshall Farrer Chairman; declares $0.2265 dividend","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 director nominees elected; Marshall B. Farrer named Chairman, succeeding Campbell P. Brown.","Quarterly cash dividend of $0.2265 per share declared, payable Oct 1, 2025, to holders of record Sep 3, 2025.","Company has paid regular dividends for 81 consecutive years and increased for 41 consecutive years.","Stockholders ratified Ernst & Young LLP as independent auditor for fiscal 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154482,"accession_number":"0000014693-25-000055","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman FY2025 net sales -5% to $4.0B, EPS -14% to $1.84; guides FY2026 low-single-digit organic decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 reported net sales -7% to $894M (-3% organic); operating income -45% (-2% organic); EPS -45% to $0.31.","FY2025 reported operating income -22% to $1.1B (+3% organic); restructuring charges of $63M from 12% workforce cut and cooperage closure.","Tequila portfolio net sales -14% (-12% organic); U.S. net sales -7% (-2% organic); Whiskey flat (+1% organic).","Returned $420M in dividends; received $350M from sale of Duckhorn stake; repaid $300M maturing notes.","FY2026 outlook: organic net sales decline low-single-digit; organic operating income decline low-single-digit; effective tax rate 21-23%."],"consensus_eps_estimate":0.4837,"consensus_eps_actual":1.84,"consensus_revenue_estimate":null,"consensus_revenue_actual":3975000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154481,"accession_number":"0000014693-25-000027","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Brown-Forman EVP Marshall B. Farrer resigns as Chief Strategic Growth Officer to become Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Marshall B. Farrer resigns as EVP, Chief Strategic Growth Officer effective after 2025 Annual Meeting; will become Chairman.","Compensation Committee approved $865,000 lump sum to compensate for loss of subsidized early retirement benefits and pension accruals.","Outstanding SSARs treated as if Farrer retired; performance-based RSUs continue unmodified per grant agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154480,"accession_number":"0000014693-25-000024","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-04-03T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Brown-Forman extends credit facility maturity to May 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Effective April 1, 2025, lenders agreed to extend the existing credit agreement by one year.","New termination date is May 26, 2029; previously due May 26, 2028.","All other terms and conditions of the Credit Agreement remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173039,"accession_number":"0000014693-25-000015","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q3 organic net sales +6%; reaffirms FY2025 2-4% growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 reported net sales -3% to $1.0B (organic +6%); operating income -25% to $280M (organic +23%).","Year-to-date net sales -4% to $3.1B (organic +2%); diluted EPS $1.53 vs $1.59 a year ago.","Reaffirms FY2025 organic sales & operating income growth 2-4%; capex $180-190M; tax rate 20-22%.","Regular quarterly dividend $0.2265/share, payable April 1, 2025; 41 consecutive years of increases.","Recognized $78M gain on sale of Duckhorn stake; recorded $33M restructuring charges."],"consensus_eps_estimate":0.3714,"consensus_eps_actual":1.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":3081000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173038,"accession_number":"0000014693-25-000002","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["2.05"],"status":"ready","headline":"Brown-Forman approves restructuring: 12% headcount cut, Louisville cooperage closure, $70-80M annual savings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Plan approved Jan 13, 2025; worldwide headcount reduction of ~12% and closure of Louisville, KY cooperage facility.","Expected annualized cost savings of $70-$80 million; portion reinvested to accelerate growth under 'Make It A Double' strategy.","Total restructuring charges estimated at $60-$70 million: $27-$32M severance/benefits, $22-$27M cooperage closure costs.","Majority of charges and substantial implementation in fiscal 2025; remainder completed by end of fiscal 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190064,"accession_number":"0000014693-24-000178","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-12-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Brown-Forman names Angela Enyard as CAO; Kelli Brown to retire","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Angela Enyard promoted to SVP, Chief Accounting Officer effective May 1, 2025.","Kelli Nelson Brown to retire as CAO on April 30, 2025 after informing company on Dec 16, 2024.","Enyard previously VP Global Business Solutions; joined Brown-Forman in 2013, started career at KPMG, CPA.","As CAO, Enyard's compensation: salary $291,676, short-term equity target $110,200, long-term $186,300."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190063,"accession_number":"0000014693-24-000170","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-12-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman reports H1 FY25 net sales -5%; 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diluted EPS falls 14% to $0.41; reaffirms FY2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Operating income down 14% to $281M (-13% organic); gross margin contracted 330 bps to 59.4%.","Net sales decreased 8% to $1.0B; organic net sales down 4%; declines led by Jack Daniel's Tennessee Whiskey and Tequila portfolio.","Whiskey net sales fell 5% (-3% organic); Tequila down 23% (-23% organic); RTD down 12% (-4% organic).","FY2025 outlook reaffirmed: organic net sales growth 2%-4%, organic operating income growth 2%-4%.","Regular quarterly dividend of $0.2178 per share declared, payable Oct 1, 2024 to holders of record Sep 3, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":951000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206559,"accession_number":"0000014693-24-000104","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-07-25T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Brown-Forman elects director Musselman, declares $0.2178 dividend","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["W. Austin Musselman Jr. elected to Board, replacing Stuart R. Brown who did not stand for re-election.","Board approved regular quarterly cash dividend of $0.2178 per share, payable Oct 1 to holders of record Sept 3.","Stockholders ratified Ernst & Young as independent registered public accounting firm for fiscal 2025.","Musselman is a fifth-generation descendant of founder George Garvin Brown."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223736,"accession_number":"0000014693-24-000052","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman reports FY2024 net sales down 1% organically; guides FY2025 organic growth 2-4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Reported net sales $4.2B (-1% organic); operating income +25% to $1.4B (organic -2%).","Diluted EPS $2.14, +32% YoY; includes $267M gain from Finlandia/Sonoma-Cutrer divestitures.","Jack Daniel's Tennessee Whiskey net sales down 6% reported; Diplomático/Gin Mare drove Rest of Portfolio +61%.","FY2025 outlook: organic net sales growth 2-4%, organic operating income growth 2-4%.","Returned $804M to shareholders via dividends ($404M) and buybacks ($400M)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":4178000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223735,"accession_number":"0000014693-24-000050","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman announces leadership change in Emerging International: Masick named President, Hinrichs retires","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Thomas Hinrichs to retire as President, Emerging International effective June 30, 2024, after 28 years with the company.","Michael Masick, currently Managing Director for Latin America, Africa, Ukraine, CIS, will become President, Emerging International effective July 1, 2024.","Hinrichs will provide consulting services through April 30, 2025, under an agreement paying $127,000 per month.","Masick has over 14 years at Brown-Forman and was involved in key acquisitions (Slane, Glendronach, etc.) and divestitures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223734,"accession_number":"0000014693-24-000038","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Brown-Forman EVP Chief People, Places & Communications Officer to retire Aug 9","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kirsten M. Hawley, EVP Chief People, Places and Communications Officer, retires effective August 9, 2024.","Hawley informed the Company of her retirement on April 30, 2024.","No successor has been named in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243145,"accession_number":"0000014693-24-000012","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q3 EPS +189% to $0.60, cuts FY organic sales outlook to flat","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Nine-month diluted EPS $1.58 (+32%), reported net sales $3.2B (+1%) but organic flat.","Jack Daniel's Tennessee Whiskey organic net sales -5%; Jack Daniel's Tennessee Apple +45% organic.","Gross margin expanded 250 bps to 60.9%; $90M pre-tax gain from Finlandia sale completed Nov 1.","FY2024 guidance: organic net sales flat, organic op income growth 0-2%, capex $230-240M.","Completed $400M share repurchase program; quarterly dividend $0.2178 payable Apr 1."],"consensus_eps_estimate":null,"consensus_eps_actual":1.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":3214000000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243144,"accession_number":"0000014693-24-000007","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-01-26T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Brown-Forman removes Board age limit via bylaw amendment effective Jan 23, 2024","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board of Directors removed the age limitation for director service from the company's bylaws.","Amendment was approved and became effective on January 23, 2024.","Full text of the amended and restated bylaws filed as Exhibit 3.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243143,"accession_number":"0000014693-24-000005","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2024-01-10T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman GC Matt Hamel to retire May 1; Mike Carr named successor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew Hamel, EVP General Counsel & Secretary, retiring effective May 1, 2024.","Michael Carr, current VP & Associate General Counsel, appointed as GC & Secretary effective May 1.","Hamel had been with Brown-Forman since 2007, leading legal, compliance, risk, and public affairs.","Carr was instrumental in acquisitions of Gin Mare and Diplomático and the Jack Daniel's-Coca-Cola RTD deal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260535,"accession_number":"0000014693-23-000162","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-12-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q2 net sales up 1% to $1.1B; revises FY24 organic net sales growth outlook to 3-5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 reported net sales $1.1B (+1%, organic -1%); diluted EPS $0.50 (+6%).","First half net sales $2.1B (+2%, organic +1%); diluted EPS $0.98 (-1%).","Board authorized $400M share repurchase program through Oct 2024.","Quarterly dividend increased 6% to $0.2178 payable Jan 2, 2024.","FY24 outlook: organic net sales growth 3-5%, organic operating income growth 4-6%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.98,"consensus_revenue_estimate":null,"consensus_revenue_actual":2145000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260533,"accession_number":"0000014693-23-000159","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K/A","filed_at":"2023-11-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Brown-Forman Board sets say-on-pay vote frequency at every three years","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["At July 2023 annual meeting, 90.53% of votes cast favored triennial advisory votes on executive compensation.","Board of Directors determined on Nov 16, 2023, to hold future say-on-pay votes every three years.","Decision in effect until next required advisory vote on frequency of such votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260534,"accession_number":"0000014693-23-000155","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-10-02T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Brown-Forman authorizes $400M share repurchase program through Oct 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$400M share repurchase authorization for Class A and B common stock.","Program runs Oct 2, 2023 through Oct 1, 2024, subject to market conditions.","Repurchases may be made via open market, block trades, Rule 10b5-1 plans, or private transactions.","No minimum repurchase obligation; program may be modified, suspended, or terminated at any time.","CEO Lawson Whiting cites confidence in long-term brand portfolio despite uncertain market conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277835,"accession_number":"0000014693-23-000148","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-08-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q1 net sales up 3%, operating income down 4%, EPS $0.48, reaffirms FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Reported net sales $1.0B (+3% reported, +2% organic); operating income $327M (-4% reported, -6% organic).","Diluted EPS decreased 7% to $0.48; gross margin expanded 90 bps to 62.7%.","US net sales declined 8% due to estimated distributor inventory decrease; emerging markets grew 27%.","Reaffirmed FY2024 guidance: organic net sales growth 5-7%, organic operating income growth 6-8%.","Quarterly dividend of $0.2055 declared, payable Oct 2, 2023; 39th consecutive year of dividend increase."],"consensus_eps_estimate":null,"consensus_eps_actual":0.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":1038000000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277834,"accession_number":"0000014693-23-000098","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-07-27T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Brown-Forman elects Eliza Brown to board; 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Cook departed after 15 years; Michael Todman named Lead Independent Director, Tracy Skeans as Governance Committee Chair.","Quarterly dividend of $0.2055 per share declared, payable Oct 2, 2023 to holders of record Sep 5, 2023.","Shareholders approved executive compensation (advisory) and ratified Ernst & Young as auditor for fiscal 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295831,"accession_number":"0000014693-23-000065","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-06-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman FY2023 net sales +8% to $4.2B; EPS -7% to $1.63; guides FY2024 organic sales +5-7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $1.0B (+5% reported, +4% organic); operating income $298M (+21%); diluted EPS $0.43 (+36%).","Full-year net sales $4.2B (+8% reported, +10% organic); operating income $1.1B (-6% reported, +8% organic).","Gross margin contracted 180 bps to 59.0%; recognized $96M non-cash impairment on Finlandia brand name.","FY2024 outlook: organic net sales growth 5-7%, organic operating income growth 6-8%, capex $250-270M, effective tax rate 21-23%.","Returned $378M to stockholders via dividends; paid regular dividends for 79 consecutive years."],"consensus_eps_estimate":null,"consensus_eps_actual":1.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":4228000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295830,"accession_number":"0000014693-23-000034","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-05-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Lead Independent Director John D. Cook will not seek re-election at 2023 Annual Meeting after 15 years on board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John D. Cook notified Brown-Forman on May 24, 2023 of his decision not to stand for re-election.","He served nearly 15 years as a director and over 10 years as the company's first Lead Independent Director.","Cook will remain a director until the 2023 Annual Meeting; no successor has been announced.","The departure is a planned non-re-election after long tenure, not a resignation over disagreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295829,"accession_number":"0001193125-23-156688","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-05-30T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Brown-Forman enters $900M revolver, up from $800M; matures May 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $900M unsecured revolving credit facility replaces existing $800M facility; matures May 26, 2028.","Two one-year extension options and an accordion feature allowing up to $650M additional commitments.","Borrowings available in USD, Euro, Sterling, AUD, and other freely convertible currencies.","No financial covenants; interest rates based on Term SOFR, EURIBOR, AUD rate, or SONIA plus applicable margins.","Existing $800M facility was set to expire November 2024; new facility extends to 2028."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":316369,"accession_number":"0001193125-23-077925","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-03-23T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Brown-Forman issues $650M of 4.750% Notes due 2033, repays $600M term loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $650M of 4.750% Notes due April 15, 2033; interest payable semi-annually starting Oct 15, 2023.","Net proceeds used to repay $600M of outstanding 364-day term loan dated Jan 3, 2023.","Remaining net proceeds allocated for general corporate purposes.","Notes sold via underwriting agreement with BofA, Citigroup, J.P. Morgan, and U.S. Bancorp Investments.","Issued under automatic shelf registration statement on Form S-3 filed March 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":316368,"accession_number":"0000014693-23-000022","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-03-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q3 net sales +4% to $1.1B; EPS -61% on impairment and pension charge; updates FY23 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net sales $1.1B (+4% reported, +5% organic); operating income $173M (-50% reported, -11% organic); diluted EPS $0.21 (-61%).","Nine-month net sales $3.2B (+8% reported, +12% organic); operating income $829M (-13% reported, +9% organic); EPS $1.20 (-16%).","Non-cash impairment charge of $96M for Finlandia brand name; $27M pension settlement charge recognized in Q3.","Dividend declared $0.2055/share, payable April 3, 2023 to holders of record March 8, 2023; 39th consecutive annual increase.","Updated FY23 guidance: organic net sales growth 8-10%, high-single-digit organic operating income growth, capEx $190-210M."],"consensus_eps_estimate":null,"consensus_eps_actual":1.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":3182000000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":316367,"accession_number":"0000014693-23-000004","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2023-01-05T23:59:59+00:00","items":["1.01","2.03","7.01","8.01","9.01"],"status":"ready","headline":"Brown-Forman completes Diplomático Rum acquisition; adds super-premium rum, 100+ employees, Panama facility.","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed acquisition of Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain).","Entry into super-premium+ rum category; Diplomático is the No. 1 super-premium and ultra-premium rum.","Added an aging, bottling, and shipping production facility in Panama; over 100 new employees join Brown-Forman.","Financed in part with a $400M borrowing under a new $600M 364-day term loan; funds also for working capital and general corporate purposes.","Distillers United Group will continue to produce and age Diplomático Rum at original distillery in Venezuela."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334646,"accession_number":"0000014693-22-000145","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-12-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman reports H1 net sales +11%; raises FY outlook, increases dividend 9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["First half net sales $2.1B (+11% reported, +17% organic); diluted EPS $0.99 (+11%).","Q2 net sales $1.1B (+10% reported, +16% organic); operating income $313M (-2%); EPS $0.47 (-4%).","Board approved 9% dividend increase to $0.2055/share; payable Jan 3, 2023 to holders of record Dec 2, 2022.","Raised FY guidance: organic net sales growth high-single digit; organic operating income high-single digit; tax rate 22-23%; capex $190-$210M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.99,"consensus_revenue_estimate":null,"consensus_revenue_actual":2101000000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334645,"accession_number":"0000014693-22-000137","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-11-17T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman raises quarterly dividend 9% to $0.2055; elects Clouse and Smith to board","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend increased 9% to $0.2055 per share from $0.1885; annualized $0.8220.","Dividend payable Jan 3, 2023 to holders of record Dec 2, 2022; 39th consecutive annual increase.","Mark Clouse, CEO of Campbell Soup, elected to board effective Nov 17, 2022.","Elizabeth Smith, former CEO of Bloomin' Brands, elected to board effective Jan 24, 2023.","Board expands to 12 members."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334644,"accession_number":"0000014693-22-000133","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-10-12T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Brown-Forman to buy Diplomático Rum brand for $725M, adding super-premium rum portfolio","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price $725M, plus up to $50M for post-closing costs held in escrow.","Acquires Diplomático, Botucal brands, and Panama production facility; 100+ employees join.","Brand is #1 super- and ultra-premium rum globally; top markets: France, Germany, U.S.","Closing expected within 90 days, subject to antitrust and customary conditions.","DUG affiliates to supply rum under 10-year agreement post-close."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":352073,"accession_number":"0000014693-22-000127","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-09-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Brown-Forman agrees to purchase Gin Mare and Gin Mare Capri gin brands","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquires Gin Mare and Gin Mare Capri from Destilerías MG and Vantguard; no financial terms disclosed.","Gin Mare is the world's No. 1 ultra-premium gin, sold in more than 70 countries.","Production will continue at MG Destilerías in Vilanova i la Geltrú, Spain.","Transaction expected to close within 60 business days, subject to customary conditions.","Gin Mare Capri, introduced in 2021, features Italian bergamot and lemons."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":352072,"accession_number":"0000014693-22-000121","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-08-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q1 FY2023: Net sales +11% (+17% organic), EPS $0.52 (+30%), reiterates FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Reported net sales $1.0B, +11% (+17% organic); operating income +19% (+32% organic); EPS $0.52 (+30%).","Jack Daniel's family of brands net sales +11% reported (+19% organic); Woodford Reserve +38% (+39% organic).","All geographic clusters and Travel Retail (+77% reported, +85% organic) saw strong growth; U.S. net sales +7%.","Gross margin expanded 80bps to 61.8%; marketing investment +23% (+28% organic).","Reiterated FY2023 guidance: mid-single digit organic net sales and op income growth; effective tax rate 22-23%; capex $190-210M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":1007000000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":352071,"accession_number":"0000014693-22-000080","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-07-29T23:59:59+00:00","items":["5.02","5.07","7.01","9.01"],"status":"ready","headline":"Brown-Forman declares $0.1885 quarterly dividend; shareholders re-elect directors and approve compensation plan","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend of $0.1885 per share (Class A & B) payable Oct 3, 2022 to holders of record Sept 6, 2022.","Stockholders re-elected all 10 director nominees, including Chair Campbell P. Brown and CEO Lawson E. Whiting.","Shareholders approved the 2022 Omnibus Compensation Plan and ratified Ernst & Young as auditor for FY2023.","CEO Whiting reiterated long-term growth algorithm: mid-single digit organic top-line growth, high-single digit organic operating income growth over next decade."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369556,"accession_number":"0000014693-22-000059","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-06-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman reports Q4 net sales +23%, full-year +14%; guides mid-single-digit organic growth for FY23","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 reported net sales $996M (+23%), operating income $246M (+46%), EPS $0.31 (+26%).","Full-year net sales $3.933B (+14% reported, +17% organic); operating income $1.204B (+3% reported, +27% organic).","Jack Daniel's Tennessee Whiskey led with 20% reported net sales growth; premium bourbons +17%, tequila +22%.","Fiscal 2023 guidance: organic net sales growth mid-single-digit, operating income growth mid-single-digit, gross margin slightly expand.","Returned $831M to stockholders including $480M special dividend; Finlandia impaired $52M due to Russia suspension."],"consensus_eps_estimate":null,"consensus_eps_actual":1.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":3933000000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388705,"accession_number":"0000014693-22-000024","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-03-18T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Kathleen Gutmann resigns from Brown-Forman board effective March 15, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kathleen M. Gutmann, director since 2017, retired from board effective immediately on March 15, 2022.","Gutmann stepped down to focus on new role as EVP & President International, Healthcare and Supply Chain at UPS.","Resignation was not due to any disagreement with company on operations, policies, or practices.","No replacement named; board size reduced accordingly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388704,"accession_number":"0000014693-22-000019","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-03-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman Q3 net sales +14% to $1,037M, EPS $0.54, revises FY22 outlook","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Q3 reported net sales $1,037M (+14% YoY) and organic net sales +22%.","Q3 reported operating income $347M (+24%), diluted EPS $0.54 (+19%).","Nine-month net sales $2,937M (+11%, +14% organic); diluted EPS $1.43 (-12% due to prior brand-sale gain).","Jack Daniel's family +12% reported, premium bourbons +10%, tequila portfolio +19% reported.","Company revises full-year fiscal 2022 outlook (specific guidance details not fully provided in excerpt)."],"consensus_eps_estimate":null,"consensus_eps_actual":1.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":2937000000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":388703,"accession_number":"0000014693-22-000006","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2022-01-25T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Brown-Forman appoints former J.Crew CEO Jan Singer to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jan Singer elected to Brown-Forman's Board effective January 25, 2022.","Singer previously served as CEO of J.Crew, Victoria's Secret Lingerie, and Spanx.","Board size increases to 12 directors; Singer joins the Audit Committee.","She will receive prorated non-employee director compensation per standard plan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":406651,"accession_number":"0000014693-21-000176","cik":14693,"company_name":"BROWN FORMAN CORP","ticker":"BF-A","form_type":"8-K","filed_at":"2021-12-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Brown-Forman raises FY outlook to high-single digit underlying net sales growth; declares special $1 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net sales $994M (+1% reported, +7% underlying); EPS $0.49 (-2%).","First-half net sales $1.9B (+9% reported, +12% underlying); EPS $0.89 (-24%) on prior-year brand sale gain.","Full-year underlying net sales outlook raised from mid- to high-single digit growth; underlying OP income expected high-single digit growth.","Quarterly dividend raised 5% to $0.1885/share; special dividend of $1.00/share (~$480M) declared, payable Dec 29.","Supply chain disruptions persist but expected to lessen in H2; gross margin flat to slightly down for FY."],"consensus_eps_estimate":null,"consensus_eps_actual":0.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":1900000000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12029611720.913319,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2021-12-08T23:59:59+00:00|406651"}