The earnings call presented a mixed picture. While there were notable achievements such as organic net sales growth, strong performances from Woodford Reserve and Jack Daniel's, and effective cost reduction strategies, these were balanced by challenges such as reported net sales decline, challenges in the tequila segment, gross margin contraction, and uncertainties related to tariffs. The operating environment remains dynamic with both positive strategic initiatives and significant external challenges.

Company Guidance

During the call, Brown-Forman provided guidance for fiscal 2025, reaffirming expectations for organic net sales growth in the 2% to 4% range, guiding closer to the lower end, and organic operating income growth at the upper end of the 2% to 4% range. The company highlighted sequential improvements in top-line and bottom-line results, driven by emerging markets and innovation. Organic net sales grew by 2% year-to-date, with Woodford Reserve and Jack Daniel's Tennessee Whiskey being key contributors. The company emphasized its strategic initiatives, including a workforce reduction, which is expected to incur $60-$70 million in costs but deliver annualized savings of $70-$80 million. Furthermore, Brown-Forman is preparing for potential tariff impacts and expects its capital expenditures to be between $180 million and $190 million, with an updated effective tax rate of approximately 20% to 22%.

Organic Net Sales Growth

Organic net sales grew 2% after adjusting for divestitures, foreign exchange, and business model changes, despite a reported net sales decrease of 4%.

Woodford Reserve Performance

Woodford Reserve reported a 10% organic net sales growth, driven by higher volumes and positive price mix, with continued double-digit growth in Woodford Reserve Double Oak.

Jack Daniel's Tennessee Whiskey Growth

Organic net sales for Jack Daniel's Tennessee Whiskey increased 2% for the year-to-date period, with strategic brand-building initiatives like McLaren Formula 1 sponsorship and music sponsorships.

Strong Performance of Diplomático and Gin Mare

Diplomático and Gin Mare reported very strong double-digit organic net sales growth, leading to a positive contribution from the emerging brands portfolio.

New Mix Double-Digit Growth

New Mix continued its impressive growth with a double-digit organic net sales increase in 12 of the past 13 quarters, gaining market share in Mexico.

Cost Reduction Initiatives

Strategic workforce initiatives and Cooperage closure expected to deliver $70 million to $80 million in annualized savings, with $33 million already incurred in restructuring charges.

Brown Forman A (BF.A) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BF.A Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 03, 2025	2026 (Q2)	0.48 / -	0.55	―	―	―
Aug 28, 2025	2026 (Q1)	0.36 / 0.36	0.41	-12.20% (-0.05)
Jun 05, 2025	2025 (Q4)	0.34 / 0.31	0.56	-44.64% (-0.25)
Mar 05, 2025	2025 (Q3)	0.46 / 0.57	0.6	-5.00% (-0.03)
Dec 05, 2024	2025 (Q2)	0.49 / 0.55	0.5	10.00% (+0.05)
Aug 29, 2024	2025 (Q1)	0.46 / 0.41	0.48	-14.58% (-0.07)
Jun 05, 2024	2024 (Q4)	0.42 / 0.56	0.43	30.23% (+0.13)
Mar 06, 2024	2024 (Q3)	0.57 / 0.60	0.21	185.71% (+0.39)
Dec 06, 2023	2024 (Q2)	0.50 / 0.50	0.47	6.38% (+0.03)
Aug 30, 2023	2024 (Q1)	0.53 / 0.48	0.52	-7.69% (-0.04)

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 05, 2025	$32.86	$27.19	-17.26%
Mar 05, 2025	$32.07	$35.34	+10.20%
Dec 05, 2024	$39.62	$44.24	+11.66%
Aug 29, 2024	$44.18	$44.68	+1.13%

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 Dec 03, 2025, Before Open (Confirmed).

What is Brown Forman A (BF.A) earnings time?

Brown Forman A (BF.A) earnings time is at Dec 03, 2025, 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 2026 (Q2) is 0.48.

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