Brown-Forman Class A

BF.A

Market cap $13.8B

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal year 2026 financial results on March 4, 2026, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST). A live audio broadcast of the conference call will be available via Brown-Forman's website, brown-forman.com, through a link to "Investors/Events & Presentations." A digital audio recording of the conference call will be ava.

Brown-Forman (BF.B) trades at $27.37 with a 3.38% yield, offering a rare opportunity amid near-term margin compression and market pessimism. BF.B's unique whiskey aging process creates a structural cash flow advantage and negative working capital, underpinning long-term capital efficiency. Margin compression in FY25 reflects deliberate investment in owned distribution, expected to drive future margin expansion and brand control.

Looking back at my days as an investment analyst in Toronto, I remember vividly that Brown-Forman was generally viewed on the street as a high-quality compounder for the long run. After reaching an all-time high of around $80.00 in November 2020, BF's share price has declined by almost 70% and is now trading at levels last seen in early 2013. Although organic net sales are expected to decline again in the low single digits in fiscal 2026, BF continues to generate significant free cash flows supported by a strong balance sheet.

The ProShares S&P 500 Dividend Aristocrat ETF (NOBL) underperformed SPY in 2025, gaining 7.2% versus SPY's 18.42%. Despite average underperformance, select Aristocrats like CAH (+74.18%), ALB (+66.90%), and CHRW (+61.22%) delivered strong double-digit returns. Dividend growth for the Aristocrats slowed to 5.52% in 2025, down from 5.78% in 2024, with 68 of 69 raising payouts.

Fewer booze buyers are reaching for the top shelf.

Brown-Forman Q2 2026 results were in line with expectations, with some minor developments that are worth keeping an eye on. The quarter and investors' reaction have shown that we are likely past the peak in pessimism around the stock. BF.B is now priced at very attractive levels, and the stock has also become a notable dividend play.

Brown-Forman Corporation (BF.B) Q2 2026 Earnings Call Transcript

Jack Daniel's maker Brown-Forman on Thursday beat Wall Street estimates for quarterly sales and maintained its annual forecasts as the company banks on demand for its whiskeys in emerging markets to offset softness in the U.S.

Brown-Forman reported lower profit in its second quarter as challenging headwinds weighed on revenue.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) reported financial results for its second quarter and first half of fiscal 2026, ended October 31, 2025. Second quarter reported net sales decreased 5%1 to $1.0 billion (-2% on an organic basis2) compared to the same prior-year period. In the quarter, reported operating income decreased 10% to $305 million (-9% on an organic basis) and diluted earnings per share decreased 14% to $0.47.