8-K
filed March 6, 2024, 6:59 PM ET
ticker BF-A
CIK 0000014693
earnings
confidence high
sentiment negative
materiality 0.75
Brown-Forman Q3 EPS +189% to $0.60, cuts FY organic sales outlook to flat
BROWN FORMAN CORP
2024-Q3 EPS reported
$1.58
revenue$3,214,000,000
- Nine-month diluted EPS $1.58 (+32%), reported net sales $3.2B (+1%) but organic flat.
- Jack Daniel's Tennessee Whiskey organic net sales -5%; Jack Daniel's Tennessee Apple +45% organic.
- Gross margin expanded 250 bps to 60.9%; $90M pre-tax gain from Finlandia sale completed Nov 1.
- FY2024 guidance: organic net sales flat, organic op income growth 0-2%, capex $230-240M.
- Completed $400M share repurchase program; quarterly dividend $0.2178 payable Apr 1.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
BROWN FORMAN CORP reported third quarter ended January 31, 2024 results: revenue $1.1 billion, EPS $0.60.
- Period
- third quarter ended January 31, 2024
- Revenue
- $1.1 billion
- EPS
- $0.60
- Result
- reported results
Exact text from the filing
Third quarter reported net sales decreased 1% 1 to $1.1 billion (-2% on an organic basis 2 ) compared to the same prior-year period. In the quarter, reported operating income increased 116% to $373 million (+5% on an organic basis) and diluted earnings per share increased 189% to $0.60.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
BROWN FORMAN CORP reported first nine months ended January 31, 2024 results: revenue $3.2 billion, EPS $1.58. Guidance reaffirmed.
- Period
- first nine months ended January 31, 2024
- Revenue
- $3.2 billion
- EPS
- $1.58
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
For the first nine months of the fiscal year, the company’s reported net sales increased 1% to $3.2 billion (flat on an organic basis) compared to the same prior-year period. Year-to-date reported operating income increased 25% to $1.0 billion (+2% on an organic basis) and diluted earnings per share increased 32% to $1.58.
View on SEC.gov
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