BROWN FORMAN CORP — Form 8-K
Filed September 2, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Brown-Forman reported Q1 FY2027 net sales of $911M (-1% reported, -1% organic) versus $924M prior year. Operating income fell 3% to $252M, but diluted EPS rose 6% to $0.38 (from $0.36). The company ended its Korbel relationship, faced tequila portfolio declines, but saw Ready-to-Drink growth (New Mix +36% organic). Operating cash flow increased $13M to $173M; free cash flow rose $32M to $161M. The company repaid €300M ($343M) in senior notes on July 7, 2026. Management reaffirmed FY2027 guidance: organic net sales approximately flat; organic operating income declining 3–5%.
Why this rating
Q1 results largely in line with expectations; flat guidance signals management confidence despite headwinds. Event is immaterial relative to $9B market cap.
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