secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0000014693-22-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman reports Q4 net sales +23%, full-year +14%; guides mid-single-digit organic growth for FY23
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469322000059/0000014693-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469322000059/bfb-20220608.htm
  HTML page:      https://secwatch.observer/filing/0000014693-22-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer