---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-22-000121"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:35:36.242865+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman Q1 FY2023: Net sales +11% (+17% organic), EPS $0.52 (+30%), reiterates FY guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000014693-22-000121
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2022-08-31T23:59:59+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/14693/000001469322000121/0000014693-22-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469322000121/bfb-20220831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-22-000121
- JSON: https://secwatch.observer/filing/0000014693-22-000121.json
- Plain text: https://secwatch.observer/filing/0000014693-22-000121.txt

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