---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-21-000176"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2021-12-08T23:59:59+00:00"
generated_at: "2026-06-28T02:47:47.264325+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman raises FY outlook to high-single digit underlying net sales growth; declares special $1 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0000014693-21-000176
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2021-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14693/000001469321000176/0000014693-21-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469321000176/bfb-20211208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-21-000176
- JSON: https://secwatch.observer/filing/0000014693-21-000176.json
- Plain text: https://secwatch.observer/filing/0000014693-21-000176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.