secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0000014693-25-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman FY2025 net sales -5% to $4.0B, EPS -14% to $1.84; guides FY2026 low-single-digit organic decline
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- Q4 reported net sales -7% to $894M (-3% organic); operating income -45% (-2% organic); EPS -45% to $0.31.
- FY2025 reported operating income -22% to $1.1B (+3% organic); restructuring charges of $63M from 12% workforce cut and cooperage closure.
- Tequila portfolio net sales -14% (-12% organic); U.S. net sales -7% (-2% organic); Whiskey flat (+1% organic).
- Returned $420M in dividends; received $350M from sale of Duckhorn stake; repaid $300M maturing notes.
- FY2026 outlook: organic net sales decline low-single-digit; organic operating income decline low-single-digit; effective tax rate 21-23%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000055/0000014693-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000055/bfb-20250605.htm
  HTML page:      https://secwatch.observer/filing/0000014693-25-000055

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