Brown-Forman Q1 sales slip 1% to $1.18B; EPS rises 6% to $0.38 on lower costs

Filed September 2, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 28, 2025 · ~1 min read

Key Changes

• high

  Net sales fell 1% to $1.18B in Q1 FY27, driven by unfavorable price/mix and the end of the Korbel relationship, partially offset by higher volumes and favorable FX.

  MD&A: Net sales verify on EDGAR →
• high

  Operating income declined 3% to $252M, as higher operating expenses more than offset gross margin expansion.

  MD&A: Operating income verify on EDGAR →
• high

  Diluted EPS rose 6% to $0.38, helped by lower non-operating postretirement expense and share buybacks, despite the operating income decline.

  MD&A: Diluted EPS verify on EDGAR →