Brown-Forman FY2025 net sales fall 5%, EPS down 14%; fiscal 2026 organic declines seen
Brown-Forman reported fiscal 2025 results for the year ended April 30, 2025, with reported net sales down 5% to $4.0 billion, operating income down 22% to $1.1 billion, and diluted EPS down 14% to $1.84. The company expects a challenging fiscal 2026 with organic net sales and organic operating income both declining in the low-single digit range, which points to weaker results for shareholders ahead.
Key points
- Fourth quarter net sales fell 7% to $894 million, and diluted EPS fell 45% to $0.31, largely due to the absence of the prior-year gain on sale of the Sonoma-Cutrer wine business.
- Restructuring initiatives resulted in $63 million in charges and include a 12% workforce reduction and the closure of the Brown-Forman Cooperage.
- Fiscal 2026 outlook calls for organic net sales and organic operating income to each decline in the low-single digit range.
- The company returned $420 million to stockholders through regular dividends and received $350 million for its Duckhorn stake.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.