Brown-Forman (BFB,BFA) reported third quarter net income of $270 million, down 6% from prior year. Earnings per share was $0.57 compared to $0.60. Analysts on average expected the company to report profit per share of $0.46, for the quarter. Analysts' estimates typically exclude special items. Reported operating income decreased 25% to $280 million, or was up 23% on an organic basis. Net sales were $1.035 billion, down 3% from a year ago. Net sales were up 6% on an organic basis.
The company expects a return to organic net sales and organic operating income growth for fiscal 2025. The company reaffirmed expectations of: organic net sales growth in the 2% to 4% range, and organic operating income growth in the 2% to 4% range.
Shares of Brown-Forman are up 2% in pre-market trade on Wednesday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.