Overview

• Brown-Forman expects low-single-digit declines in both organic net sales and operating income for fiscal 2026, citing macroeconomic volatility and the potential reinstatement of a 50% EU whiskey tariff.
• The company reported quarterly net sales of $894 million for the period ended April 30—down 7% year-over-year and below analysts’ $967.4 million estimate—and earnings per share of $0.31.
• Net sales declined across major markets, slipping 7% in the United States, 14% in Canada, 6% in the United Kingdom and 4% in Germany.
• Overall whiskey volume shipments fell 3% year-over-year as consumers increasingly favor ready-to-drink beverages and tequila.
• In January, Brown-Forman announced plans to cut 12% of its workforce and close a barrel plant in response to prolonged declines in alcohol consumption.