Brown-Forman Q2 net sales -5% to $1.0B, EPS -14%; reaffirms FY guidance

BROWN FORMAN CORP

2026-Q2 EPS reported $0.83 revenue$1,960,000,000

Q2 reported net sales down 5% to $1.0B; operating income -10% to $305M; EPS $0.47 (-14% YoY).
First half net sales -4% to $2.0B; operating income -9% to $565M; EPS $0.83 (-13%).
Dividend increased 2% to $0.2310/share (42nd consecutive year); $400M share repurchase authorized.
Capex guidance trimmed to $110-120M from $125-135M; full-year organic sales & op income outlook reaffirmed.
Whiskey flat, Tequila -3%; Travel Retail +7% but US -9% and Developed International -4%.

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