earnings
confidence high
sentiment positive
materiality 0.80
Brown-Forman reports Q4 net sales +23%, full-year +14%; guides mid-single-digit organic growth for FY23
BROWN FORMAN CORP
2022-FY EPS reported
$1.74
revenue$3,933,000,000
- 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.