---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-23-000065"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:44:56.074441+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman FY2023 net sales +8% to $4.2B; EPS -7% to $1.63; guides FY2024 organic sales +5-7%

## Summary
- Q4 net sales $1.0B (+5% reported, +4% organic); operating income $298M (+21%); diluted EPS $0.43 (+36%).
- Full-year net sales $4.2B (+8% reported, +10% organic); operating income $1.1B (-6% reported, +8% organic).
- Gross margin contracted 180 bps to 59.0%; recognized $96M non-cash impairment on Finlandia brand name.
- FY2024 outlook: organic net sales growth 5-7%, organic operating income growth 6-8%, capex $250-270M, effective tax rate 21-23%.
- Returned $378M to stockholders via dividends; paid regular dividends for 79 consecutive years.

## SEC filing metadata
- accession: 0000014693-23-000065
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14693/000001469323000065/0000014693-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469323000065/bfb-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-23-000065
- JSON: https://secwatch.observer/filing/0000014693-23-000065.json
- Plain text: https://secwatch.observer/filing/0000014693-23-000065.txt

## Key facts
- Earnings Releases
  BROWN FORMAN CORP reported financial results for fourth fiscal quarter and fiscal year ended April 30, 2023.
  - Period: fourth fiscal quarter and fiscal year ended April 30, 2023
  - Result: reported results
  source text: On June 7, 2023, Brown-Forman Corporation issued a press release reporting its operating results for the fourth fiscal quarter and fiscal year ended April 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/14693/000001469323000065/0000014693-23-000065-index.htm

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