secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000014693-25-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman Q3 organic net sales +6%; reaffirms FY2025 2-4% growth
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- Q3 reported net sales -3% to $1.0B (organic +6%); operating income -25% to $280M (organic +23%).
- Year-to-date net sales -4% to $3.1B (organic +2%); diluted EPS $1.53 vs $1.59 a year ago.
- Reaffirms FY2025 organic sales & operating income growth 2-4%; capex $180-190M; tax rate 20-22%.
- Regular quarterly dividend $0.2265/share, payable April 1, 2025; 41 consecutive years of increases.
- Recognized $78M gain on sale of Duckhorn stake; recorded $33M restructuring charges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000015/0000014693-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000015/bfb-20250305.htm
  HTML page:      https://secwatch.observer/filing/0000014693-25-000015

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