Brown-Forman Corporation (BFB)

Brown-Forman’s revenue slipped year over year while results came in line with consensus in the first fiscal quarter of 2027 (period ended July 31, 2026, reported September 2, 2026). Revenue fell 1.4% to roughly $911 million (down from about $924 million a year ago) and was in line with expectations, with revenue of $911.0 million versus the $914.8 million estimate (-0.4%). Profitability held up with gross margin at about 60% on roughly $549 million of gross profit, and operating margin near 28% with around $252 million of operating income. Net income rose 3.5% to about $176 million (up from roughly $170 million a year ago), while EPS of $0.38 was in line with the $0.38 estimate and increased from $0.36 a year ago (+5.7%). The company generated about $173 million of operating cash flow and paid roughly $106 million in dividends during the quarter. For the next period, consensus calls for EPS of $0.47 on revenue of $1.045 billion.