Jack Daniel’s maker Brown-Forman's Q1 revenue falls slightly more than expected
BF.B•Outlook
- Company expects fiscal 2027 organic net sales to be approximately flat
- Company sees fiscal 2027 organic operating income declining 3% to 5%
- Brown-Forman anticipates continued macroeconomic and geopolitical pressures to weigh on developed markets
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue | Slight Miss* | $911 mln | $914.86 mln (11 Analysts) |
| Q1 EPS | $0.38 | ||
| Q1 Net Income | $176 mln | ||
| Q1 Operating Income | $252 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers
- Korbel relationship end - Co said net sales declines were primarily driven by the end of the Korbel relationship
- Tequila weakness - Co said tequila portfolio net sales fell 12% due to lower volumes in the U.S. and lower net pricing in Mexico
- Ready-to-drink growth - Co said growth in Ready-to-Drink portfolio, led by New Mix, helped offset declines elsewhere
