Brown-Forman Corporation (BFA,BFB) reported first quarter net income of $170 million, down 13% from prior year. Earnings per share decreased 13% to $0.36. Net sales decreased 3% to $924 million from a year ago. Net sales were up 1% on an organic basis. The company said the net sales decline was largely driven by the absence of the prior-year transition services agreement related to Sonoma-Cutrer.
Lawson Whiting, Brown-Forman's President and CEO said: "We are pleased to reaffirm our full-year outlook and remain confident in our ability to create long-term value for shareholders."
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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.