Brown-Forman Corporation (BF.B) reported its fourth-quarter fiscal 2026 results on May 28, 2026. The company’s earnings per share (EPS) were 12 cents, down 62% year-over-year, missing the Zacks Consensus Estimate of 33 cents. However, net sales reached $912 million, a 2% increase compared to the previous year, and surpassing the estimates of $876 million.
For the fiscal year 2026, Brown-Forman saw a 1% decline in net sales on a reported basis, with a significant 7% decrease in the United States, primarily due to the end of its partnership with Korbel and declining volumes of Jack Daniel’s Tennessee Whiskey. The company’s gross profit amounted to $571 million, representing an 11% year-over-year increase, while the operating income fell 53% to $96 million.
As of April 30, 2026, Brown-Forman’s cash and cash equivalents were $308 million, with long-term debt at $2.1 billion and total shareholders’ equity at $4 billion. The board declared a cash dividend of $0.2310 per share, payable on July 1, marking 82 consecutive years of quarterly dividends.
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