Brown-Forman Q2 sales fall 5%, EPS down 14% to $0.47; fiscal 2026 outlook reaffirmed
Brown-Forman reported fiscal second-quarter net sales down 5% to $1.0 billion and diluted EPS down 14% to $0.47, with operating income down 10% to $305 million. For the first half, net sales fell 4% to $2.0 billion and diluted EPS fell 13% to $0.83, and the company reaffirmed its fiscal 2026 outlook for low-single-digit organic declines in net sales and operating income.
Key points
- Q2 reported net sales fell 5% to $1.0 billion (-2% organic); operating income fell 10% to $305 million.
- First-half diluted EPS fell 13% to $0.83; operating income fell 9% to $565 million.
- Fiscal 2026 outlook reaffirmed: organic net sales and organic operating income each expected to decline in the low-single-digit range.
- Board raised the quarterly dividend 2% to $0.2310 per share; $301 million remained under the $400 million buyback as of October 31, 2025.
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 December 04, 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.