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Earnings Data
Report Date
Sep 02, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.36Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of clear strategic and operational positives — strong emerging-market and Travel Retail growth, successful innovation (Jack Daniel's Blackberry and New Mix RTD), improved cash flow and margin benefits from A&D activities, and completed route-to-consumer transitions — alongside sizable, company-specific negatives (used barrel sales collapse and the Canada trade ban) and soft developed-market demand that materially weighed on reported results and EPS. Management reaffirmed guidance, emphasized cost discipline and capital return actions, and signaled confidence in execution, but acknowledged persistent near-term headwinds and product-mix challenges.Company Guidance
Top-line Performance (Reported vs Organic)
Reported net sales declined 4% in the first half of fiscal 2026, while organic net sales were flat (0%) after adjusting for acquisition & divestiture (A&D) impacts related to Korbel and Sonoma-Cutrer.
Emerging Markets Strength
Emerging international markets delivered double-digit organic net sales growth of 12% in the first half, led by Mexico (18% organic growth driven by RTDs) and Brazil (more than 20% organic growth driven by Jack Daniel's variants and premiumization initiatives).
Global Travel Retail Growth
Global Travel Retail channel organic net sales increased 6% in the first half, benefiting from passenger volumes surpassing pre-pandemic levels and serving as a key brand-building platform.
Successful Innovation — Jack Daniel's Tennessee Blackberry
Blackberry launch exceeded expectations in the U.S. with shipments initially outpacing depletions; phased international rollouts (U.K., Germany, France, Poland, Czechia, Turkey and GTR) showed strong initial retail and consumer response (e.g., Tesco 'best NPD' with double-digit repeat purchase, Amazon preorder sellouts).
New Mix RTD Performance
New Mix, a tequila-based RTD, continued to deliver very strong double-digit growth and led category gains in Mexico, contributing meaningfully to RTD-led growth in the region (Mexico organic net sales +18%).
Margin and Cost Management Progress
Reported gross margin expanded 30 basis points to 59.5% in H1, driven by a 190 bps A&D benefit (absence of Sonoma-Cutrer TSA and conclusion of Korbel relationship) partially offset by cost pressures. Organic SG&A decreased 4% following workforce restructuring; organic A&P was down 1% aligned with depletion-based top-line trends.
Improved Cash Generation and Capital Returns
Cash flow from operations increased by $163 million to $292 million; free cash flow rose by $179 million to $236 million. Board approved a 2% quarterly dividend increase (42nd consecutive annual increase) and authorized up to $400 million in share repurchases, with $99 million repurchased as of Oct 31, 2025.
Reaffirmed Full-Year Guidance and Strategic Actions
Management reaffirmed fiscal 2026 outlook, expecting low single-digit organic net sales decline and reported gross margin expansion. Ongoing actions include route-to-consumer transitions (U.S., Japan, Italy), focus on premium-plus and RTD innovation, and workforce restructuring to improve agility and reduce SG&A.
BF.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BF.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2026 | $25.32 | $26.07 | +2.97% |
Mar 04, 2026 | $27.99 | $26.37 | -5.79% |
Dec 04, 2025 | $28.79 | $28.82 | +0.10% |
Aug 28, 2025 | $29.78 | $28.36 | -4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brown Forman A (BF.A) report earnings?
Brown Forman A (BF.A) is schdueled to report earning on Sep 02, 2026, Before Open (Confirmed).
What is Brown Forman A (BF.A) earnings time?
Brown Forman A (BF.A) earnings time is at Sep 02, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BF.A EPS forecast?
BF.A EPS forecast for the fiscal quarter 2027 (Q1) is 0.37.