secwatch.observer — SEC 8-K summary
======================================

Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000014693-24-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469324000152/0000014693-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469324000152/bfb-20240829.htm
  HTML page:      https://secwatch.observer/filing/0000014693-24-000152

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