Brown-Forman Corporation (BFA,BFB) reported that its second quarter net income was $224 million, down 14% from a year ago. Reported operating income decreased 10% to $305 million, or down 9% on an organic basis. Earnings per share decreased 14% to $0.47. Analysts on average expected the company to report profit per share of $0.48, for the quarter. Analysts' estimates typically exclude special items. Second quarter reported net sales decreased 5% to $1.0 billion, or down 2% on an organic basis. For fiscal 2026, the company reiterated guidance of: organic net sales decline in the low-single digit range; and organic operating income decline in the low-single digit range.
Shares of Brown-Forman are down 2.8% to $29.25 in pre-market trade on Thursday.
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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.