{"schema_version":"secwatch.filing_event.v1","accession":"0000014693-23-000022","form_type":"8-K","ticker":"BF-A","cik":"0000014693","company_name":"BROWN FORMAN CORP","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.130096+00:00","generated_at":"2026-06-18T08:22:37.885233+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Brown-Forman Q3 net sales +4% to $1.1B; EPS -61% on impairment and pension charge; updates FY23 guidance","bullets":["Q3 net sales $1.1B (+4% reported, +5% organic); operating income $173M (-50% reported, -11% organic); diluted EPS $0.21 (-61%).","Nine-month net sales $3.2B (+8% reported, +12% organic); operating income $829M (-13% reported, +9% organic); EPS $1.20 (-16%).","Non-cash impairment charge of $96M for Finlandia brand name; $27M pension settlement charge recognized in Q3.","Dividend declared $0.2055/share, payable April 3, 2023 to holders of record March 8, 2023; 39th consecutive annual increase.","Updated FY23 guidance: organic net sales growth 8-10%, high-single-digit organic operating income growth, capEx $190-210M."],"urls":{"canonical":"https://secwatch.observer/filing/0000014693-23-000022","json":"https://secwatch.observer/filing/0000014693-23-000022.json","markdown":"https://secwatch.observer/filing/0000014693-23-000022.md","text":"https://secwatch.observer/filing/0000014693-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000022/0000014693-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000022/bfb-20230308.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:22:37.885233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44893851ad1727bb0952ec6cc73e5cb431557f03","claim":"BROWN FORMAN CORP reported nine months ended January 31, 2023 results: revenue $3.2 billion, EPS $1.20.","evidence_excerpt":"For the first nine months of the fiscal year, reported net sales increased 8% to $3.2 billion (+12% on an organic basis) compared to the same prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000022/0000014693-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended January 31, 2023"},{"label":"Revenue","value":"$3.2 billion"},{"label":"EPS","value":"$1.20"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e465232cfdf422988783834b08c23e4e24301774","claim":"BROWN FORMAN CORP reported third quarter ended January 31, 2023 results: revenue $1.1 billion, EPS $0.21.","evidence_excerpt":"For the third quarter, reported net sales 1 increased 4% to $1.1 billion (+5% on an organic basis 2 ) compared to the same prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000022/0000014693-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended January 31, 2023"},{"label":"Revenue","value":"$1.1 billion"},{"label":"EPS","value":"$0.21"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}