Highest-materiality recent filing
Brown-Forman CEO Lawson Whiting to retire; board starts successor search
Lawson Whiting to retire as President & CEO after nearly 30 years, effective upon appointment of successor.
Full year net sales $3.9B, down 1% reported (flat organic); Q4 net sales $912M, up 2% reported (+2% organic).
Brown-Forman and Pernod Ricard terminate talks for potential combination
Companies unable to reach mutually agreeable terms.
Brown-Forman confirms merger-of-equals discussions with Pernod Ricard
Discussions with Pernod Ricard regarding a potential business combination akin to a merger of equals.
Brown-Forman appoints Jim Peters as CFO effective March 31, 2026
Jim Peters, formerly EVP at Whirlpool, succeeds Leanne Cunningham who retires May 1, 2026.
Brown-Forman Q3 net sales +2% to $1.1B; YTD EPS -8% to $1.41; reaffirms outlook
Nine-month net sales -2% to $3.0B; operating income flat at $905M; diluted EPS -8% to $1.41.
Brown-Forman Q2 net sales -5% to $1.0B, EPS -14%; reaffirms FY guidance
Q2 reported net sales down 5% to $1.0B; operating income -10% to $305M; EPS $0.47 (-14% YoY).
Brown-Forman Q1 net sales -3% to $924M; diluted EPS -13% to $0.36; reaffirms FY outlook
Net sales declined 3% to $924M; organic net sales up 1%; operating income -7% to $260M (+2% organic).
Q4 reported net sales -7% to $894M (-3% organic); operating income -45% (-2% organic); EPS -45% to $0.31.
Brown-Forman Q3 organic net sales +6%; reaffirms FY2025 2-4% growth
Q3 reported net sales -3% to $1.0B (organic +6%); operating income -25% to $280M (organic +23%).
Plan approved Jan 13, 2025; worldwide headcount reduction of ~12% and closure of Louisville, KY cooperage facility.
Brown-Forman reports H1 FY25 net sales -5%; reaffirms 2-4% organic growth outlook
First half reported net sales $2.0B (-5%); flat organic; operating income -7% (-3% organic); diluted EPS $0.96 (-3%).
Operating income down 14% to $281M (-13% organic); gross margin contracted 330 bps to 59.4%.
Brown-Forman reports FY2024 net sales down 1% organically; guides FY2025 organic growth 2-4%
Reported net sales $4.2B (-1% organic); operating income +25% to $1.4B (organic -2%).
Brown-Forman Q3 EPS +189% to $0.60, cuts FY organic sales outlook to flat
Nine-month diluted EPS $1.58 (+32%), reported net sales $3.2B (+1%) but organic flat.
Brown-Forman GC Matt Hamel to retire May 1; Mike Carr named successor
Matthew Hamel, EVP General Counsel & Secretary, retiring effective May 1, 2024.
Brown-Forman Q2 net sales up 1% to $1.1B; revises FY24 organic net sales growth outlook to 3-5%
Q2 reported net sales $1.1B (+1%, organic -1%); diluted EPS $0.50 (+6%).
Brown-Forman Q1 net sales up 3%, operating income down 4%, EPS $0.48, reaffirms FY guidance
Reported net sales $1.0B (+3% reported, +2% organic); operating income $327M (-4% reported, -6% organic).
Brown-Forman FY2023 net sales +8% to $4.2B; EPS -7% to $1.63; guides FY2024 organic sales +5-7%
Q4 net sales $1.0B (+5% reported, +4% organic); operating income $298M (+21%); diluted EPS $0.43 (+36%).
Brown-Forman issues $650M of 4.750% Notes due 2033, repays $600M term loan
Issued $650M of 4.750% Notes due April 15, 2033; interest payable semi-annually starting Oct 15, 2023.
Q3 net sales $1.1B (+4% reported, +5% organic); operating income $173M (-50% reported, -11% organic); diluted EPS $0.21 (-61%).
Completed acquisition of Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain).
Brown-Forman reports H1 net sales +11%; raises FY outlook, increases dividend 9%
First half net sales $2.1B (+11% reported, +17% organic); diluted EPS $0.99 (+11%).
Brown-Forman raises quarterly dividend 9% to $0.2055; elects Clouse and Smith to board
Quarterly cash dividend increased 9% to $0.2055 per share from $0.1885; annualized $0.8220.
Brown-Forman to buy Diplomático Rum brand for $725M, adding super-premium rum portfolio
Purchase price $725M, plus up to $50M for post-closing costs held in escrow.
Brown-Forman agrees to purchase Gin Mare and Gin Mare Capri gin brands
Acquires Gin Mare and Gin Mare Capri from Destilerías MG and Vantguard; no financial terms disclosed.
Brown-Forman Q1 FY2023: Net sales +11% (+17% organic), EPS $0.52 (+30%), reiterates FY guidance
Reported net sales $1.0B, +11% (+17% organic); operating income +19% (+32% organic); EPS $0.52 (+30%).
Q4 reported net sales $996M (+23%), operating income $246M (+46%), EPS $0.31 (+26%).
Brown-Forman Q3 net sales +14% to $1,037M, EPS $0.54, revises FY22 outlook
Q3 reported net sales $1,037M (+14% YoY) and organic net sales +22%.
Q2 net sales $994M (+1% reported, +7% underlying); EPS $0.49 (-2%).
On July 13, 2026, Lawson Whiting announced his decision to retire as President and Chief Executive Officer of Brown-Forman Corporation (the “Company”) after nearly 30 years of distinguished service to the Company, effective upon the appointment of his successor.
On April 25, 2025, Marshall B. Farrer, Executive Vice President, Chief Strategic Growth Officer of Brown-Forman Corporation (the “Company”), informed the Company of his intention to resign from his employment role at the Company effective immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) in connection with assuming the role of Chairman of the Board.
On May 6, 2024, Thomas W. Hinrichs, President, Emerging International of Brown-Forman Corporation (the “Company”), informed the Company of his intention to retire effective June 30, 2024.
Michael A. Masick, who currently serves as the Company’s Managing Director for the Latin America, Africa, Ukraine, and the Commonwealth of Independent States markets, will become President, Emerging International effective July 1, 2024.
On April 30, 2024, Kirsten M. Hawley, Executive Vice President, Chief People, Places, and Communications Officer of Brown-Forman Corporation (the “Company”), informed the Company of her intention to retire effective August 9, 2024.
Following Mr. Hamel’s retirement, Michael E. Carr, Jr., who currently serves as the Company’s Vice President, Associate General Counsel – Regional & Corporate Development, will become General Counsel and Secretary of the Company effective May 1, 2024.
On January 8, 2024, Matthew E. Hamel, Executive Vice President, General Counsel and Secretary of Brown-Forman Corporation (the “Company”), informed the Company of his intention to retire effective May 1, 2024.
John D. Cook, the Lead Independent Director and a member of the Board of Directors (“Board”) of Brown-Forman Corporation (the “Company”), notified the Company of his decision not to stand for re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”)
On November 17, 2022, the Board of Directors (the “Board”) of Brown-Forman Corporation (the “Company”) appointed Mark A. Clouse and Elizabeth A. Smith as directors of the Company, effective November 17, 2022, and January 24, 2023, respectively.
On November 17, 2022, the Board of Directors (the “Board”) of Brown-Forman Corporation (the “Company”) appointed Mark A. Clouse and Elizabeth A. Smith as directors of the Company, effective November 17, 2022, and January 24, 2023, respectively.
On March 15, 2022, Ms. Kathleen M. Gutmann, a director of Brown-Forman Corporation (the “Company”) since 2017, notified the Company of her decision to retire from service on the Company’s Board of Directors (the “Board”), effective immediately.
On January 25, 2022, the Board of Directors (the “Board”) of Brown-Forman Corporation (the “Company”) appointed Jan Singer as a director of the Company, effective immediately.
Max materiality 0.80 · Median 0.65 · Most common event earnings