NYSE$BF-A

Brown Forman Corporation · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Brown-Forman reported Q12026, revenue of $924M, net income of $195M, diluted EPS of $0.39.

For Q12026, Brown-Forman reported revenue of $924M, net income of $195M, diluted EPS was $0.39. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $924M.
  • Net income $195M.
  • Diluted EPS $0.39.
  • Brown-Forman MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$924M

Previous: $951M-2.8%
EPS (adj)

$0.39

Previous: $0.41-4.9%
Operating Margin

28.2%

Previous: 29.6%-4.7%
Quarterly Dividend

$0.23

Previous: $0.22+4.0%
Gross Margin

59.8%

Previous: 59.4%+0.7%
Effective Tax Rate

22.5%

Previous: 23.1%-2.6%
Capital Expenditures

-$31M

Previous: -$41M+24.4%
Free Cash Flow

$129M

Previous: -$24M+637.5%
Net Income

$170M

Previous: $195M-12.8%
Operating Income

$260M

Previous: $281M-7.5%
Gross Profit

$552M

Previous: $565M-2.3%
Cash & Equivalents

$471M

Previous: $416M+13.2%
Total Assets

$8.17B

Previous: $8.21B-0.4%

Revenue & EPS history

Brown-Forman · Revenue · Quarterly

$924M

Q1 2026-2.8%vs Q1 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Consumer staples companies emphasize pricing, input costs, and brand portfolio mix.

Tailwinds

  • Pricing actions and mix management.
  • Supply chain and commodity cost relief.
  • Innovation and premiumization.

Headwinds

  • Protein and grain input volatility.
  • Private label competition.
  • FX on international spirits sales.

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 2026

Historical avgQ1 2026

-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

Earnings price reactions
QuarterReport dateReaction (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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