Brown-Forman Corporation

BF-B

$27.19

-1.16%

2026-09-04 11:20:15 EDT-$0.32

Consumer Defensive

Beverages - Wineries & Distilleries

NYSE

Active Trading

Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, ...

Price Action of BF.B

$27.19

-1.16%-$0.32

High—

Low—

52W High—

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Brown-Forman Corporation, headquartered in Louisville, Kentucky, is one of the world's largest and most enduring family-controlled spirits and wine companies. Founded in 1870, the company has cultivated a deep-rooted heritage, anchored by its flagship brand, Jack Daniel's Tennessee Whiskey, which accounts for a significant portion of its revenue. Beyond whiskey, ...Brown-Forman Corporation, headquartered in Louisville, Kentucky, is one of the world's largest and most enduring family-controlled spirits and wine companies. Founded in 1870, the company has cultivated a deep-rooted heritage, anchored by its flagship brand, Jack Daniel's Tennessee Whiskey, which accounts for a significant portion of its revenue. Beyond whiskey, the company’s extensive portfolio includes premium labels such as Woodford Reserve and Old Forester, as well as a diverse array of tequila, vodka, gin, and ready-to-drink (RTD) cocktails. From a business perspective, Brown-Forman operates as a holding company listed on the New York Stock Exchange. Its business model relies on a robust global distribution network, allowing it to export American-made spirits to markets worldwide. The company emphasizes long-term sustainable returns for shareholders by maintaining premium brand equity and investing in marketing and innovation, such as expanding its presence in the rapidly growing RTD segment. Financially, the company balances its capital-intensive distillation processes—which require significant investment in raw materials (grains, barrels) and long-term aging—against high-margin premiumization strategies. As a family-founded enterprise, it balances conservative financial stewardship with the agility to adapt to changing consumer trends. Key leadership, including CEO Lawson E. Whiting, continues to guide the company through global market volatility while maintaining the integrity of its traditional production methods. The workforce of approximately 4,900 employees supports a vertically integrated supply chain, ensuring that quality standards are upheld from distillation through bottling and distribution. While the company faces competitive pressure from global conglomerates like Diageo, its focus on 'American Whiskey' creates a unique competitive moat. Its strategic vision remains centered on premiumization, geographic diversification, and the development of high-value brands that resonate with contemporary global consumers, ensuring that this century-old institution remains relevant and profitable in the 21st-century alcohol landscape.ExpandCollapse

Founded

1870

Employees

4900

CEO

Lawson E. Whiting

Full Name

Brown-Forman Corporation

Sector

Consumer Defensive

Industry

Beverages - Wineries & Distilleries

Market Cap

$12.48B

WACC

5.73%

ROIC

9.48%

Contact Information

https://www.brown-forman.com

502 585 1100

850 Dixie Highway, Louisville, KY 40210

Key Metrics of BF.B

Snapshot

Latest / TTM · 6 periods

Market Cap

$12.48B

ROCE

16.9%

EV / EBITDA

14.42x

+0.3% YoY

FCF Yield

7.2%

-0.2% YoY

Cash Conversion Cycle

686.7d

Current Ratio

3.26

Quick take

TTM —

Positive CCC

Financial Highlights of BF.B

Profitability trend

Latest / TTM · 6 periods

Gross Margin

60.7%

Net Margin

18.4%

P/E Ratio

17.86x

n/a

Debt / Equity

0.62

n/a

Current Ratio

3.26

Dividend Yield

3.4%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of BF.B

Upcoming

Jan 30, 2027
Q3 FY2027 · Estimated results
Est. EPS $0.52 · Revenue $1.06B · 5 analysts
Apr 30, 2027
FY2027 · Estimated annual results
Est. EPS $1.70 · Revenue $3.95B · 16 analysts
Jul 30, 2027
Q1 FY2028 · Estimated results
Est. EPS $0.37 · Revenue $926.78M · 5 analysts
Oct 30, 2027
Q2 FY2028 · Estimated results
Est. EPS $0.46 · Revenue $1.05B · 5 analysts

Recent history

Sep 2, 2026
Q1 FY2027 · Results reported
EPS $0.38 · Revenue $911.00M
Apr 30, 2026
FY2026 · Annual results
EPS $1.53 · Revenue $3.93B
Jan 31, 2026
Q3 FY2026 · Results reported
EPS $0.56 · Revenue $1.06B
Oct 31, 2025
Q2 FY2026 · Results reported
EPS $0.47 · Revenue $1.04B
Jul 31, 2025
Q1 FY2026 · Results reported
EPS $0.36 · Revenue $924.00M
Apr 30, 2025
FY2025 · Annual results
EPS $1.84 · Revenue $3.98B

Financial Statements of BF.B

Next Earnings Date

Sep 2, 2026

EPS Est. 0.38 · Fiscal period ending 2026-07-31

D+2

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$3.9B	-1.2%	-0.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$715.0M	-17.7%	+225.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+60.5%	+2.7%	-3.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+28.2%	-3.8%	+16.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+18.2%	-16.7%	+226.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$893.0M	+107.2%	-39.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+22.7%	+109.7%	-39.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	53.5%	-21.8%	+14.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	3.24x	-16.6%	+0.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$7.9B	-2.4%	-0.9%

Actual vs Estimate

A Apr 30Q Jan 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.53 vs 1.74	-12.1%	0.38 vs 0.52	-26.7%
Revenue Surprise	$3.9B vs $3.9B	+0.8%	$911.0M vs $1.1B	-14.2%

Insider Transactions of BF.B

Acquisitions (A)

Since Jul 23, 2026

Disposals (D)

Since Jul 23, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 23, 2026	TODMAN MICHAEL	director	Deferred Stock Units	A	6,476	—
Jul 23, 2026	Skeans Tracy L	director	Deferred Stock Units	A	6,476	—
Jul 23, 2026	SMITH ELIZABETH A	director	Deferred Stock Units	A	9,524	—
Jul 23, 2026	Singer Jan	director	Deferred Stock Units	A	6,476	—
Jul 23, 2026	RONEY MICHAEL J	director	Deferred Stock Units	A	6,476	—

Earnings Call Transcript of BF.B

1 transcript segments

Q1 2027

Unknown Speaker

Operator : Good day, and thank you for standing by. Welcome to the Brown-Forman Corporation First Quarter Fiscal Year 2027 Earnings Conference Call. At this time, all participants are in listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Sue Perram, Vice President, Director, Investor Relations. Ma'am, please go ahead. Sue Perram : Thank you, and good morning, everyone. I would like to thank each of you for joining us today for Brown-Forman's First Quarter Fiscal Year 2027 Earnings Call. Joining me today are Lawson Whiting, President and Chief Executive Officer, and Jim Peters, Executive Vice President and Chief Financial Officer. This morning's conference call contains forward-looking statements based on our current expectations. Numerous risks and uncertainties may cause actual results to differ materially from those anticipated or projected in these statements. Many of the factors that will determine future results are beyond the company's ability to control or predict. You should not place undue reliance on any forward-looking statements, and except as required by law, the company undertakes no obligation to update any of these statements, whether due to new information, future events, or otherwise. This morning, we issued a press release containing our results for the first quarter fiscal year 2027, in addition to posting presentation materials that Lawson and Jim will walk through momentarily. Both the release and the presentation can be found on our website under the section titled Investors, Events and Presentations. In the press release, we have listed a number of the risk factors you should consider in conjunction with our forward-looking statements. Other significant risk factors are described in our 2026 Form 10-K and from time to time in our Form 10-Q reports filed with the Securities and Exchange Commission. During this call, we will be discussing certain non-GAAP financial measures. These measures, a reconciliation to the most directly comparable GAAP financial measures, and the reasons management believes they provide useful information to investors regarding the company's financial condition and results of operations are contained in the press release and investor presentation. With that, I would like to turn the call over to Lawson. Lawson Whiting : Thank you, Sue, and good morning, everyone. The first quarter of fiscal 2027 unfolded largely as expected and underscored an important point. Innovation is creating meaningful growth opportunities across our portfolio. Strong momentum from New Mix, our RTD portfolio, and Jack Daniel's …

Leadership Team of BF.B

13 executives

Name	Title	Compensation	Gender	Year Born	Status
Lawson E. Whiting	Chief Executive Officer, President & Director	USD 6,784,518	Male	1968	Active
Marshall Farrer	Executive Chairman	USD 3,750,611	Male	1971	Active
Michael E. Carr Jr.	Executive Vice President, General Counsel & Secretary	USD 2,756,537	Male	1980	Active
Yiannis Pafilis	Executive Vice President of Europe, Africa & Asia Pacific	USD 1,979,987	Male	1971	Active
Michael Andrew Masick	Executive VP & President of Americas	USD 1,889,712	Male	1979	Active
Timothy Nall	Executive Vice President, Chief Global Supply Chain & Technology Officer	USD 861,314	Male	1971	Active
James W. Peters	Executive Vice President & Chief Financial Officer	USD 256,374	Male	1970	Active
Campbell Brown	Executive Director	USD 143,077	Male	1968	Active
Eveline Albarracin	Vice President & MD of Brown-Forman ANZPI, IMENA and Turkiye	—	—	—	Active
Gaurav Sabharwal	Managing Director of India & South Asia	—	Male	—	Active
Mia Simpson Culp	MD of Woodford Reserve & Old Forester Brands	—	Female	—	Active
Angela S. Enyard	Senior VP, Chief Accounting Officer & Treasurer	—	Female	1989	Active
Larry Combs	Chief Information Officer and Director of Supply Chain Integration & Strategy	—	Male	—	Active

Recent News of BF.B

Reuters7/26/2026Neutral

Brown-Forman board says Sazerac unsolicited proposal not actionable

Brown-Forman said on Sunday its board had received an unsolicited ‌proposal from Sazerac, but concluded the offer was "not actionable."

WSJ7/26/2026Neutral

Sazerac Wants Another Shot at Jack Daniel's Maker Brown-Forman

Letter from BuzzBallz maker asks members of Brown family to reconsider previously rejected $15 billion takeover proposal.

Business Wire7/26/2026Neutral

Brown-Forman Board Issues Statement

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) today announced that its Board of Directors has received an unsolicited proposal from Sazerac to acquire Brown-Forman, and, taking into consideration Wolf Pen Branch, LP's view as noted below, has concluded that Sazerac's proposal is not actionable. Wolf Pen Branch, LP, a collection of Brown family members representing the majority of Brown-Forman Class A shares, said, “As fourth-, fifth- and sixth-generation shareholde.

MarketBeat7/24/2026Neutral

Brown-Forman Nixes Pernod Path, Touts Record Cash Flow Amid CEO Transition

Brown Forman NYSE: BF.A shareholders re-elected the company's board and approved executive compensation and the auditor appointment at the spirits maker's 2026 Annual Meeting of Stockholders, held at Churchill Downs in Louisville, Kentucky.

Seeking Alpha7/24/2026Neutral

Brown-Forman Corporation (BF.B) Shareholder/Analyst Call Prepared Remarks Transcript

Historical Employee Count of BF.B

Current

4,900

Change

-2.00%

Minimum

4,900

Maximum

5,700

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Apr 30, 2026	4,900	10-K	Jun 12, 2026	View
Apr 30, 2025	5,000	10-K	Jun 13, 2025	View
Apr 30, 2024	5,700	10-K	Jun 14, 2024	View
Apr 30, 2023	5,600	10-K	Jun 16, 2023	View
Apr 30, 2022	5,200	10-K	Jun 17, 2022	View

About UsPrivacy PolicyTerms of ServiceDisclaimerStock DirectoryETFsIndices13F HoldingsAnalyst TargetsFree ToolsTechnology MapJoin our Slack

Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer

Brown-Forman Corporation