---
schema_version: "secwatch.filing_event.v1"
accession: "0000014693-25-000107"
form_type: "8-K"
ticker: "BF-A"
cik: "0000014693"
company_name: "BROWN FORMAN CORP"
filed_at: "2025-12-04T23:59:59+00:00"
generated_at: "2026-05-16T14:36:20.679500+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000014693-25-000107
- form_type: 8-K
- ticker: BF-A
- cik: 0000014693
- company_name: BROWN FORMAN CORP
- filed_at: 2025-12-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14693/000001469325000107/0000014693-25-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14693/000001469325000107/bfb-20251204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014693-25-000107
- JSON: https://secwatch.observer/filing/0000014693-25-000107.json
- Plain text: https://secwatch.observer/filing/0000014693-25-000107.txt

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