---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-24-000170"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:12:29.541923+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Brown-Forman reports H1 FY25 net sales -5%; reaffirms 2-4% organic growth outlook

## Summary
- 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.

## SEC filing metadata
- accession: 0000014693-24-000170
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14693/000001469324000170/0000014693-24-000170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469324000170/bfb-20241205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-24-000170
- JSON: https://secwatch.observer/filing/0000014693-24-000170.json
- Plain text: https://secwatch.observer/filing/0000014693-24-000170.txt

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