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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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.