---
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"
generated_at: "2026-06-05T02:34:24.308407+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman Q3 EPS +189% to $0.60, cuts FY organic sales outlook to flat

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-24-000012
- JSON: https://secwatch.observer/filing/0000014693-24-000012.json
- Plain text: https://secwatch.observer/filing/0000014693-24-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/0000014693-24-000012-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/14693/000001469324000012/0000014693-24-000012-index.htm

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