secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0000014693-21-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469321000176/0000014693-21-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469321000176/bfb-20211208.htm
  HTML page:      https://secwatch.observer/filing/0000014693-21-000176

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