BROWN FORMAN CORP
For the period ended Apr 30, 2026. Filed Jun 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Jun 12, 2026
BF-A$31.28-0.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Year Ended April 30, | 2024 | 2025 | 2026 |
|---|---|---|---|
| Sales | $5,328 | $5,056 | $5,082 |
| Excise taxes | 1,150 | 1,081 | 1,154 |
| Net sales | 4,178 | 3,975 | 3,928 |
| Cost of sales | 1,652 | 1,632 | 1,550 |
| Gross profit | 2,526 | 2,343 | 2,378 |
| Advertising expenses | 529 | 484 | 462 |
| Selling, general, and administrative expenses | 826 | 744 | 807 |
| Restructuring and other charges | — | 60 | 19 |
| Gain on business divestitures | (267) | — | — |
| Other intangible assets impairment | 7 | 47 | 132 |
| Other expense (income), net | 17 | (99) | (43) |
| Operating income | 1,414 | 1,107 | 1,001 |
| Non-operating postretirement expense | 3 | 4 | 27 |
| Interest income | (14) | (17) | (14) |
| Interest expense | 127 | 122 | 103 |
| Equity method investment income and gain on sale | — | (83) | — |
| Income before income taxes | 1,298 | 1,081 | 885 |
| Income taxes | 274 | 212 | 170 |
| Net income | $1,024 | $869 | $715 |
| Earnings per share: | |||
| Basic | $2.15 | $1.84 | $1.53 |
| Diluted | $2.14 | $1.84 | $1.53 |
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