earnings
confidence high
sentiment neutral
materiality 0.75
Brown-Forman reports FY2024 net sales down 1% organically; guides FY2025 organic growth 2-4%
BROWN FORMAN CORP
2024-FY EPS reported
$2.14
revenue$4,178,000,000
- Reported net sales $4.2B (-1% organic); operating income +25% to $1.4B (organic -2%).
- Diluted EPS $2.14, +32% YoY; includes $267M gain from Finlandia/Sonoma-Cutrer divestitures.
- Jack Daniel's Tennessee Whiskey net sales down 6% reported; Diplomático/Gin Mare drove Rest of Portfolio +61%.
- FY2025 outlook: organic net sales growth 2-4%, organic operating income growth 2-4%.
- Returned $804M to shareholders via dividends ($404M) and buybacks ($400M).