Quarterly ResultJun 4, 2026, 08:06 AM
Brown-Forman FY26 Sales Down 1% to $3.9B; EPS Falls 17%
AI Summary
Brown-Forman reported its fourth quarter and full fiscal year results for the period ended April 30, 2026. While Q4 net sales saw a modest 2% increase, full-year net sales declined 1%. Diluted earnings per share experienced significant drops in both the quarter (-62%) and the full year (-17%). Despite the earnings decline, the company highlighted strong cash flow generation, with operating cash flow up $402 million and free cash flow up $462 million. Brown-Forman also returned $827 million to shareholders through dividends and share repurchases. The company anticipates a challenging operating environment for fiscal 2027 with organic net sales expected to be flat.
Key Highlights
- Brown-Forman reported Q4 FY26 net sales of $912 million, up 2% YoY.
- Full-year FY26 net sales decreased 1% to $3.9 billion.
- Q4 FY26 diluted EPS decreased 62% to $0.12; full-year EPS down 17% to $1.53.
- Full-year cash flows from operations grew $402 million to $1.0 billion.
- Free cash flow increased $462 million to $893 million for FY26.
- Company returned $827 million to stockholders via dividends and share repurchases in FY26.
- Whiskey net sales increased 3% for FY26, driven by Jack Daniel’s Tennessee Blackberry and Woodford Reserve.
- Tequila net sales decreased 4% for FY26, with Herradura down 9%.
Price Impact
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