8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Brown-Forman reports lower first-quarter sales and reaffirms fiscal 2027 outlook
Filed with the SEC on · Summarized by InvestorsBot
Brown-Forman’s fiscal first-quarter net sales fell 1% to $911 million for the three months ended July 31, 2026, while operating income declined 3% to $252 million and diluted EPS rose 6% to $0.38. Ready-to-drink sales increased 20%, led by a 48% rise in New Mix, but tequila, used barrel sales and the end of the Korbel relationship weighed on results; the company reaffirmed its full-year outlook for roughly flat organic sales and a 3% to 5% decline in organic operating income.