Brown-Forman Corporation (BFB) Earnings Call Transcripts
Brown-Forman Corporation's Latest Earnings Call - Q4 FY2026
In the fourth quarter and fiscal year 2026, Brown-Forman Corporation reported a decline in reported net sales by 1%, with organic net sales flat, reflecting a challenging macroeconomic environment. The company achieved diluted earnings per share of $1.53, down 17% year-over-year, primarily due to noncash impairment charges. Management signaled cautious optimism for fiscal 2027, projecting organic net sales to remain approximately flat, with expected depletion trends in the U.S. and developed international markets similar to fiscal 2026, while emerging markets continue to show growth potential.
Reported metrics
| Metric | Value |
|---|---|
| Reported Net Sales | $4.1B (miss) |
| Organic Net Sales | Flat (miss) |
| Diluted EPS | $1.53 (miss) |
| Organic Operating Income | Decreased 2% (miss) |
| Gross Margin | 60.5% (beat) |
| Free Cash Flow | $893M (beat) |
Guidance from management
Management expects organic net sales to be approximately flat in fiscal 2027, with organic operating income projected to decline by 3% to 5%. They anticipate continued cost pressures due to inflation and high input costs.
What management said
Thank you. And thank you, Lawson and Jim, and thank you to everyone for joining us today for Brown-Forman's fourth quarter and fiscal year 2026 earnings call. If you have any additional questions, please contact us. As we close, just to let you know, National Bourbon Day is June 14. It's a day to commemorate the 1964 U.S. Congressional Resolution declaring Bourbon as America's native spirit. On this day, wherever you...
What analysts pressed on
Analysts expressed concerns regarding the impact of macroeconomic headwinds on consumer behavior and the potential for continued pressure on margins due to higher input costs. Questions were raised about the sustainability of growth in emerging markets amidst these challenges.
Main topics on the call
- Innovation Success — Management highlighted the strong performance of new products, particularly Jack Daniel's Tennessee BlackBerry, which achieved nearly 300,000 9-liter depletions since its launch. Lawson Whiting stated, "The brand has con...
- International Market Growth — Emerging international markets delivered organic net sales growth of 12%, driven by strong performance in Mexico's RTD category. Whiting noted, "New Mix, Mexico's original tequila RTD continues to gain market share while...
- Impact of Impairment Charges — The company recorded noncash impairment charges totaling $132 million for Gin Mare and Diplomatico brands, contributing to a 10% decline in reported operating income. CFO Jim Peters mentioned, "We recognized $45 million ...
- Flat Organic Sales Guidance — For fiscal 2027, management expects organic net sales to be approximately flat, indicating ongoing challenges in developed markets. Peters stated, "We expect the depletion-based trends in the U.S. and developed internati...
Read the full Brown-Forman Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Brown-Forman Corporation
Brown-Forman Corporation (BFB) is a publicly listed company in the Beverages industry, within the Consumer Staples sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 37 calls on record spanning March 4, 2020 to July 23, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 37 Brown-Forman Corporation earnings call transcripts on record, spanning March 4, 2020 to July 23, 2026. Based on this history, Brown-Forman Corporation reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BFB
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Staples
- Industry
- Beverages
- Calls on record
- 37
- First call
- March 4, 2020
- Most recent
- July 23, 2026
- Reporting cadence
- quarterly