secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0000014693-24-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman reports FY2024 net sales down 1% organically; guides FY2025 organic growth 2-4%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469324000052/0000014693-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469324000052/bfb-20240605.htm
  HTML page:      https://secwatch.observer/filing/0000014693-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer