---
title: "Brown-Forman Reiterates FY24 Organic Net Sales Growth Outlook - Update"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297797276.md"
description: "Brown-Forman Corp. reiterated its FY24 organic net sales growth outlook as approximately flat while reporting Q1 results. The company expects benefits from restructuring initiatives, U.S. distributor changes, and new product innovations like Jack Daniel's Tennessee Blackberry expansion by fiscal 2027. Estimated capital expenditure remains between $60 million and $70 million."
datetime: "2026-09-02T13:53:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297797276.md)
  - [en](https://longbridge.com/en/news/297797276.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297797276.md)
generator: "portal-rs"
---

# Brown-Forman Reiterates FY24 Organic Net Sales Growth Outlook - Update

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While reporting financial results for the first quarter on Wednesday, beverage alcohol maker Brown-Forman Corp. (BFA,BFB) reiterated its organic net sales to be approximately flat.

The company believes it will benefit in fiscal 2027 from the previously announced restructuring initiative and U.S. distributor changes, and continued new product innovation, such as the expansion of Jack Daniel's Tennessee Blackberry.

The estimated capital expenditure continues to be in a range of $60 to $70 million.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**