Brown-Forman-B

Q4 FY2026 EarningsFY26 revenue was $3.9B, down 1% YoY (flat organically), reflecting divestiture impacts and soft whiskey demand in developed markets. Gross margin expanded 1.6pct to 60.5% due to favorable portfolio mix and lower agave costs. Operating income fell 10% to $1.0B, impacted by $132M in brand impairments (Gin Mare and Diplomático) and higher SG&A. Diluted EPS was $1.53, down 17% YoY, partly due to the absence of prior-year investment gains. FY27 outlook projects flat organic sales and a 3-5% decline in organic operating income.