---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-24-000152"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T06:58:30.195866+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman Q1 net sales down 8% to $1.0B; diluted EPS falls 14% to $0.41; reaffirms FY2025 guidance

## Summary
- Operating income down 14% to $281M (-13% organic); gross margin contracted 330 bps to 59.4%.
- Net sales decreased 8% to $1.0B; organic net sales down 4%; declines led by Jack Daniel's Tennessee Whiskey and Tequila portfolio.
- Whiskey net sales fell 5% (-3% organic); Tequila down 23% (-23% organic); RTD down 12% (-4% organic).
- FY2025 outlook reaffirmed: organic net sales growth 2%-4%, organic operating income growth 2%-4%.
- Regular quarterly dividend of $0.2178 per share declared, payable Oct 1, 2024 to holders of record Sep 3, 2024.

## SEC filing metadata
- accession: 0000014693-24-000152
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2024-08-29T23:59:59+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/14693/000001469324000152/0000014693-24-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469324000152/bfb-20240829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-24-000152
- JSON: https://secwatch.observer/filing/0000014693-24-000152.json
- Plain text: https://secwatch.observer/filing/0000014693-24-000152.txt

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