Brown-Forman Q4 operating income falls 53% to $96 million as net sales rise 2%
Brown-Forman reported fiscal fourth-quarter net sales up 2% to $912 million, but operating income fell 53% to $96 million and diluted EPS fell 62% to $0.12, reflecting a $132 million intangible asset impairment. For the full fiscal year, net sales fell 1% to $3.9 billion and diluted EPS fell 17% to $1.53, and the company expects organic operating income to decline 3% to 5% in fiscal 2027.
Key points
- Q4 net sales rose 2% to $912 million; Q4 operating income fell 53% to $96 million
- Other intangible assets impairment was $132 million in the quarter, versus $47 million a year earlier
- Full-year diluted EPS fell 17% to $1.53; full-year free cash flow rose $462 million to $893 million
- Fiscal 2027 outlook: organic net sales approximately flat and organic operating income down 3% to 5%
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 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.