Earnings ·
Brown-Forman Corporation reported first-quarter fiscal 2027 results ending July 31, 2026, with net sales of $911…
BF-ABrown Forman Corp
Brown-Forman Corporation reported first-quarter fiscal 2027 results ending July 31, 2026, with net sales of $911 million, a 1% decline from the prior year. Reported operating income fell 3% to $252 million, while diluted earnings per share rose 6% to $0.38. The company reaffirmed its full-year fiscal 2027 outlook, expecting organic net sales to be approximately flat and organic operating income to decline by 3% to 5%. Additionally, the Board declared a regular quarterly cash dividend of $0.2310 per share on Class A and Class B common stock, payable October 1, 2026, to holders of record as of September 3, 2026. Brown-Forman Corporation is a global leader in the spirits industry, producing premium beverage alcohol brands including Jack Daniel's.