{"schema_version":"secwatch.filing_event.v1","accession":"0000014693-24-000012","form_type":"8-K","ticker":"BF-A","cik":"0000014693","company_name":"BROWN FORMAN CORP","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.262456+00:00","generated_at":"2026-06-05T02:34:24.308407+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Brown-Forman Q3 EPS +189% to $0.60, cuts FY organic sales outlook to flat","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000014693-24-000012","json":"https://secwatch.observer/filing/0000014693-24-000012.json","markdown":"https://secwatch.observer/filing/0000014693-24-000012.md","text":"https://secwatch.observer/filing/0000014693-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/0000014693-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/bfb-20240306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:34:24.308407+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":"6c950f2e30d25ad563c0914a5611a024cca8e205","claim":"BROWN FORMAN CORP reported third quarter ended January 31, 2024 results: revenue $1.1 billion, EPS $0.60.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/0000014693-24-000012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended January 31, 2024"},{"label":"Revenue","value":"$1.1 billion"},{"label":"EPS","value":"$0.60"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d487c33fed710e84b8979997515727474dbaf353","claim":"BROWN FORMAN CORP reported first nine months ended January 31, 2024 results: revenue $3.2 billion, EPS $1.58. Guidance reaffirmed.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/0000014693-24-000012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first nine months ended January 31, 2024"},{"label":"Revenue","value":"$3.2 billion"},{"label":"EPS","value":"$1.58"},{"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"}