earnings
confidence high
sentiment neutral
materiality 0.65
Brown-Forman reports FY 2026 net sales flat, operating income -10%, EPS -17%; guides FY 2027 flat sales
BROWN FORMAN CORP
- Full year net sales $3.9B, down 1% reported (flat organic); Q4 net sales $912M, up 2% reported (+2% organic).
- Full year operating income $1.0B, down 10% reported (-2% organic); diluted EPS $1.53, down 17%.
- Q4 operating income $96M, down 53% reported (flat organic); diluted EPS $0.12, down 62%.
- Cash flow from operations grew $402M to $1.0B; free cash flow up $462M to $893M.
- FY 2027 outlook: organic net sales approximately flat; organic operating income decline 3%-5%; tax rate 20%-22%; capex $60-70M.