Form 10-Q · Quarterly report
Brown–Forman 10-Q, filed Sep 2, 2026
- Filed
- CIK
- 0000014693
- Accession no.
- 0000014693-26-000052
Summary
It's Brown-Forman's quarterly report for the three months ended July 31, 2026: net sales fell 1% to $911 million on unfavorable price/mix and the end of the Korbel relationship, partly offset by higher volumes, foreign exchange, and the JDCC transition. Diluted earnings per share rose 6% to $0.38, while operating income fell 3% to $252 million.
Key points
- Gross margin rose 0.4 percentage points to 60.2% from 59.8% a year earlier, and operating margin fell 0.5 points to 27.7%.
- Net sales in the United States fell 3%, developed international markets fell 6%, and emerging markets rose 11%, with Mexico up 26% and France down 14%.
- New Mix net sales rose 48%, while Gentleman Jack fell 16%, Herradura 17%, el Jimador 10%, and Jack Daniel's Tennessee Honey 10%.
- Non-branded and bulk net sales fell 61% on lower used barrel sales.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Fiscal 2027 Year-to-Date Highlights •We delivered net sales of $911 million for the three months ended July 31, 2026, a decrease of 1%. The decrease was driven by unfavorable price/mix and the end of the Korbel relationship, partially offset by higher volumes, the positive effect of foreign exchange, and the impact of the JDCC transition. ◦From a brand perspective, net sales declines were driven by the end of the Korbel relationship, as well as the decline of used barrel sales and tequilas, partially offset by the growth of RTDs. …
An excerpt of the text as filed with the SEC, cut for length.
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