{"schema_version":"secwatch.filing_event.v1","accession":"0000014693-23-000148","form_type":"8-K","ticker":"BF-A","cik":"0000014693","company_name":"BROWN FORMAN CORP","filed_at":"2023-08-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.016445+00:00","generated_at":"2026-06-11T01:55:03.082241+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 Q1 net sales up 3%, operating income down 4%, EPS $0.48, reaffirms FY guidance","bullets":["Reported net sales $1.0B (+3% reported, +2% organic); operating income $327M (-4% reported, -6% organic).","Diluted EPS decreased 7% to $0.48; gross margin expanded 90 bps to 62.7%.","US net sales declined 8% due to estimated distributor inventory decrease; emerging markets grew 27%.","Reaffirmed FY2024 guidance: organic net sales growth 5-7%, organic operating income growth 6-8%.","Quarterly dividend of $0.2055 declared, payable Oct 2, 2023; 39th consecutive year of dividend increase."],"urls":{"canonical":"https://secwatch.observer/filing/0000014693-23-000148","json":"https://secwatch.observer/filing/0000014693-23-000148.json","markdown":"https://secwatch.observer/filing/0000014693-23-000148.md","text":"https://secwatch.observer/filing/0000014693-23-000148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000148/0000014693-23-000148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000148/bfb-20230830.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T01:55:03.082241+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":"92519b2f8fd627eb0036d1837822ea9ef8b8f0a3","claim":"BROWN FORMAN CORP reported first quarter of fiscal 2024 ended July 31, 2023 results: revenue $1.0 billion, EPS $0.48. Guidance reaffirmed.","evidence_excerpt":"Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its first quarter of fiscal 2024 ended July 31, 2023, with reported net sales increasing 3% 1 to $1.0 billion (+2% on an organic basis 2 ). In the quarter, reported operating income decreased 4% to $327 million (-6% on an organic basis) and diluted earnings per share decreased 7% to $0.48.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/14693/000001469323000148/0000014693-23-000148-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024 ended July 31, 2023"},{"label":"Revenue","value":"$1.0 billion"},{"label":"EPS","value":"$0.48"},{"label":"Guidance","value":"reaffirmed"},{"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"}