NYSE$BF-A
Brown Forman Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Brown-Forman's second-quarter and first-half fiscal 2021 results were announced, showing resilience amidst an unprecedented environment.
Brown-Forman reported essentially flat net sales for the second quarter of fiscal 2021, with a slight decrease in operating income and diluted earnings per share. However, underlying net sales grew by 4%. The first half of the fiscal year saw a slight decrease in reported net sales but an increase in reported operating income and diluted earnings per share.
- Underlying net sales grew by 4% in the first half of fiscal 2021.
- Premium bourbons experienced strong underlying net sales growth of 22%.
- The tequila portfolio saw an underlying net sales increase of 13%.
- The company is not providing quantitative guidance for fiscal year 2021 due to the substantial uncertainty in the rapidly evolving environment.
Headline financials
Revenue & EPS history
Brown-Forman · Revenue · Quarterly
$985M
Forward guidance
The company continues to face substantial uncertainty in the rapidly evolving environment due to COVID-19 and its effect on the global economy. As a result of this ongoing uncertainty and expected volatility, the company is not providing quantitative guidance for fiscal year 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.4%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-3.2%
Avg return
30 days after
41%
28 / 68 earnings
Positive
+10.4%
Q1 2021
Best reaction
-9.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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 2009 | -0.1% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q2 2010 | +1.9% | — | — |
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