Brown-Forman Corp Registered Shs -B- Non Vtg

BF.B: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Brown-Forman Earnings: Innovations Delivering, but Market Underappreciates Coming Recovery

Kristoffer Inton

Sep 3, 2026

Brown-Forman posted a 1% sales decline to $911 million in its fiscal first quarter. Operating margin decreased 50 basis points to 27.7% as the timing of restructuring expenses and lower price/mix offset lower input costs and the end of the low-margin Korbel relationship.

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Brown-Forman Corp Registered Shs -B- Non Vtg

Brown-Forman Earnings: Innovations Delivering, but Market Underappreciates Coming Recovery

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