earnings
confidence high
sentiment neutral
materiality 0.70
Brown-Forman reports H1 FY25 net sales -5%; reaffirms 2-4% organic growth outlook
BROWN FORMAN CORP
2025-Q2 EPS
reported $0.96
vs consensus $0.35
▲ beat
(+174.3%)
- First half reported net sales $2.0B (-5%); flat organic; operating income -7% (-3% organic); diluted EPS $0.96 (-3%).
- Reaffirms FY25 organic net sales and operating income growth of 2-4%; effective tax rate 21-23%.
- Board approved 4% dividend increase to $0.2265/share, payable Jan 2, 2025; 41st consecutive annual increase.
- US net sales -7% (-3% organic) driven by Jack Daniel’s and Korbel declines; Woodford Reserve and Old Forester grew.
- Gross margin contracted 240 bps to 59.2% due to input cost timing and high inventory.