NYSE$BF-A
Brown Forman Corporation · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Brown-Forman's financial performance was reported for Q1 2025, with net sales decreasing and reaffirming the full-year fiscal 2025 guidance.
Brown-Forman reported a decrease in net sales by 8% to $1.0 billion for the first quarter of fiscal 2025. Despite the decline, the company reaffirmed its full-year fiscal 2025 guidance, expecting organic top and bottom-line growth and continued gross margin expansion.
- Net sales decreased across all geographic aggregations due to shipment timing and pricing strategy execution.
- Diplomático Rum, Old Forester, and Woodford Reserve growth was offset by declines in Jack Daniel’s Tennessee Whiskey and the Finlandia divestiture.
- Gross profit declined by 13%, with a gross margin reduction of 330 basis points due to input cost fluctuations and high inventory levels.
- Operating expenses decreased by 12%.
Headline financials
Revenue & EPS history
Brown-Forman · Revenue · Quarterly
$951M
Forward guidance
Brown-Forman anticipates a return to growth for organic net sales and organic operating income in fiscal 2025, driven by gains in international markets and normalizing inventory trends. This outlook is tempered by the belief that global macroeconomic and geopolitical uncertainties will continue to create a challenging operating environment.
Tailwinds
- Organic net sales growth in the 2% to 4% range.
- Organic operating income growth in the 2% to 4% range.
Headwinds
- Global macroeconomic and geopolitical uncertainties will continue to create a challenging operating environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-0.3%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-3.2%
Avg return
30 days after
42%
29 / 69 earnings
Positive
+10.4%
Q1 2021
Best reaction
-9.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +2.8% | +5.9% | — | |
| Q3 2026 | -5.7% | -10.8% | -4.9% | |
| Q2 2026 | +0.1% | +0.1% | -11.2% | |
| Q1 2026 | -4.8% | -3.9% | -13.1% | |
| Q4 2025 | +0.0% | -0.8% | +6.9% | |
| Q3 2025 | +10.2% | +14.6% | -2.4% | |
| Q2 2025 | +8.8% | +10.7% | -11.0% | |
| Q1 2025 | +1.1% | +1.0% | +4.6% | |
| Q4 2024 | -4.0% | -6.4% | -5.5% | |
| Q3 2024 | -9.1% | -8.1% | -14.2% | |
| Q2 2024 | -9.0% | -6.1% | -7.3% | |
| Q1 2024 | -4.4% | -3.0% | -17.4% | |
| Q4 2023 | +5.2% | +2.3% | +5.6% | |
| Q3 2023 | -6.2% | -5.9% | -4.1% | |
| Q2 2023 | -7.4% | -6.4% | -12.3% | |
| Q1 2023 | -1.3% | -2.1% | -5.6% | |
| Q4 2022 | +3.2% | -0.1% | +8.9% | |
| Q3 2022 | +7.5% | -2.0% | +5.4% | |
| Q2 2022 | -4.1% | -2.1% | -7.7% | |
| Q1 2022 | +0.5% | +1.0% | -4.1% | |
| Q4 2021 | -5.0% | -4.4% | -5.6% | |
| Q3 2021 | -4.7% | -3.2% | -4.3% | |
| Q2 2021 | +0.3% | +4.1% | -6.2% | |
| Q1 2021 | +10.4% | +10.8% | +5.3% | |
| Q4 2020 | -0.0% | -3.5% | -4.4% | |
| Q3 2020 | -4.1% | -11.3% | -13.7% | |
| Q2 2020 | -6.3% | -6.8% | -0.2% | |
| Q1 2020 | -0.1% | -0.8% | +2.7% | |
| Q4 2019 | +8.5% | +10.4% | +11.6% | |
| Q3 2019 | -1.7% | -1.3% | +2.0% | |
| Q2 2019 | -1.3% | -2.1% | -1.3% | |
| Q1 2019 | +0.4% | +0.3% | -3.2% | |
| Q4 2018 | -8.0% | -6.7% | -6.2% | |
| Q3 2018 | -4.8% | -3.5% | -4.4% | |
| Q2 2018 | +6.1% | +4.9% | +7.5% | |
| Q1 2018 | +3.8% | +3.8% | +4.0% | |
| Q4 2017 | -5.7% | -6.1% | -9.5% | |
| Q3 2017 | -2.9% | -3.7% | -5.3% | |
| Q2 2017 | +1.4% | +1.1% | -1.4% | |
| Q1 2017 | -4.6% | -4.6% | -6.8% | |
| Q4 2016 | +2.1% | -0.2% | +0.3% | |
| Q3 2016 | -1.4% | — | — | |
| Q2 2016 | +1.7% | — | — | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | +2.2% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q3 2014 | +4.6% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q4 2012 | +4.4% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q1 2012 | -3.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q2 2010 | +1.9% | — | — |
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