Brown-Forman Q3 operating income rises 21% to $340 million; nine-month EPS falls 8%
Brown-Forman reported third-quarter fiscal 2026 results for the period ended January 31, 2026. Quarterly net sales and diluted earnings per share rose, but nine-month net sales and earnings per share declined, and the company reaffirmed its fiscal 2026 outlook for organic sales and operating income to decline in the low-single digits.
Key points
- Third quarter: net sales rose 2% to $1.1 billion, operating income rose 21% to $340 million, and diluted EPS rose 1% to $0.58.
- Nine months: net sales fell 2% to $3.0 billion, operating income was flat at $905 million, and diluted EPS fell 8% to $1.41.
- Fiscal 2026 outlook reiterated for organic net sales and organic operating income declines in the low-single digit range; forecast effective tax rate updated to 19% to 21% from 21% to 23%.
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 March 04, 2026.
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.