Brown-Forman Q1 net sales -3% to $924M; diluted EPS -13% to $0.36; reaffirms FY outlook

BROWN FORMAN CORP

2026-Q1 EPS reported $0.36 revenue$924,000,000

Net sales declined 3% to $924M; organic net sales up 1%; operating income -7% to $260M (+2% organic).
Diluted EPS decreased 13% to $0.36; gross margin expanded 40 bps to 59.8%.
Whiskey net sales flat; Jack Daniel's Tennessee Blackberry launch offset by US/Germany declines; Tequila -1% organic.
United States net sales -8% (-2% organic); Emerging markets +20% (+25% organic).
Fiscal 2026 outlook reiterated: organic net sales and operating income decline low-single digit; capex $125-135M.

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