Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nadine Sarwat | Bernstein | 8 questions · 25% challenging |
| Filippo Falorni | Citigroup | 7 questions · 14% challenging |
| Peter Grom | UBS | 6 questions · 17% challenging |
| Eric Serotta | Morgan Stanley | 6 questions · 0% challenging |
| Lauren Lieberman | Barclays | 6 questions · 17% challenging |
| Kevin Grundy | BNP Paribas | 5 questions · 40% challenging |
| Drew Levine | JPMorgan | 4 questions · 0% challenging |
| Andrea Pistacchi | Bank of America | 4 questions · 0% challenging |
| Chris Pitcher | Redburn Atlantic | 4 questions · 0% challenging |
| Rob Moskow | TD Cowen | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bernstein | 1 analyst | 8 questions · 25% challenging |
| Citigroup | 1 analyst | 7 questions · 14% challenging |
| UBS | 1 analyst | 6 questions · 17% challenging |
| Morgan Stanley | 1 analyst | 6 questions · 0% challenging |
| Barclays | 1 analyst | 6 questions · 17% challenging |
| Bank of America | 2 analysts | 5 questions · 0% challenging |
| BNP Paribas | 1 analyst | 5 questions · 40% challenging |
| JPMorgan | 2 analysts | 5 questions · 0% challenging |
No 8-K events recorded for this window.
Brown-Forman closed fiscal 2026 with reported net sales down 1% and organic net sales flat, finishing ahead of its organic expectations as emerging international markets (+12%) and Travel Retail (+5%) offset a 3% decline in developed international markets, with Canada down nearly 60% on the U.S. trade dispute. Fourth-quarter results absorbed $45 million and $87 million non-cash impairment charges on the Gin Mare and Diplomatico brand names, and full-year reported operating income fell 10% (organic operating income down 2%) while diluted EPS dropped 17% to $1.53. The company generated record free cash flow, up $462 million to $893 million, raised its dividend for the 42nd consecutive year, and repurchased $400 million of stock, while announcing the termination of M&A discussions with Pernod Ricard and the appointment of new CFO Jim Peters. For fiscal 2027, management introduced guidance for approximately flat organic net sales and a 3% to 5% organic operating income decline, with capital expenditures stepping down to $60 million to $70 million.
Demand | Competitive Dynamics | Revenue Growth | Inventory | Margin | Geographic Expansion | Pricing | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 1 | 3 | 4 | 3 | 1 | 1 | 1 | |
| 2025Q3 | 2 | 3 | 3 | 3 | 1 | 1 | ||
| 2025Q4 | 3 | 4 | 1 | 1 | 1 | 1 | ||
| 2026Q1 | 2 | 3 | 2 | 3 | 2 | 2 | 2 | 1 |
| 2026Q2 | 4 | 3 | 3 | 2 | 2 | 2 | 3 | 1 |
| 2026Q3 | 4 | 1 | 2 | 1 | 3 | 1 | ||
| 2026Q4 | 4 | 1 | 3 | 3 | 2 | 1 | 3 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|---|
| Demand | 1 | 2 | 3 | 2 | 4 | 4 | 4 |
| Competitive Dynamics | 3 | 3 | 4 | 3 | 3 | 1 | 1 |
| Revenue Growth | 4 | 3 | 1 | 2 | 3 | 2 | 3 |
| Inventory | 3 | 3 | 3 | 2 | 1 | ||
| Margin | 1 | 2 | 2 | 3 | 3 | ||
| Geographic Expansion | 1 | 1 | 1 | 2 | 2 | 2 | |
| Pricing | 1 | 1 | 2 | 3 | 1 | 1 | |
| Guidance Reliability | 1 | 1 | 1 | 1 | 3 |
Calendar quarter Q2 2026Earnings call Jun 4, 2026
FY2026 Q4 in brief
Brown-Forman closed fiscal 2026 with reported net sales down 1% and organic net sales flat, finishing ahead of its organic expectations as emerging international markets (+12%) and Travel Retail (+5%) offset a 3% decline in developed international markets…
Newest quarter FY2027 Q1 is part of Pro ·
Sources. Tellvest earnings-call sentiment score for Brown–Forman (BF-B), FY2026 Q4: 5/10. Scores: Brown–Forman’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: BF-B daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q2 | $1.09B | -1.1% | $0.55 | +10.0% | 59.0% | 31.1% | 23.6% | $81M |
| FY2025 Q3 | $1.03B | -3.2% | $0.57 | -5.0% | 59.8% | 30.0% | 26.1% | $272M |
| FY2025 Q4 | $894M | -7.3% | $0.31 | -44.6% | 57.4% | 26.0% | 16.3% | $102M |
| FY2026 Q1 | $924M | -2.8% | $0.36 | -12.2% | 59.7% | 29.4% | 18.4% | $129M |
| FY2026 Q2 | $1.04B | -5.4% | $0.47 | -14.5% | 59.4% | 29.8% | 21.6% | $107M |
| FY2026 Q3 | $1.06B | +2.0% | $0.58 | +1.8% | 60.6% | 32.5% | 25.3% | $392M |
| FY2026 Q4Selected | $912M | +2.0% | $0.12 | -61.3% | 62.6% | 23.7% | 5.9% | $265M |
| FY2027 Q1 | $911M | -1.4% | $0.38 | +5.6% | 60.3% | 27.7% | 19.3% | $161M |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2023 | $4.23B | +7.5% | $1.63 | -6.3% | 59.0% | 26.7% | 18.5% | $457M |
| FY2024 | $4.18B | -1.2% | $2.14 | +31.3% | 60.5% | 33.8% | 24.5% | $419M |
| FY2025 | $3.98B | -4.9% | $1.84 | -14.0% | 58.9% | 29.3% | 21.9% | $431M |
| FY2026Selected | $3.93B | -1.2% | $1.53 | -16.8% | 60.5% | 29.0% | 18.2% | $893M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +2.01% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What BF-B and other companies said about each other on FY2026 Q4 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the absence of the prior year gain on sale of our investment in Duckhorn”
Brown-Forman lapped a prior-year gain on the sale of its investment in Duckhorn, which pressured reported EPS.
“our distribution of the William Grant & Sons portfolio enables us to leverage our combined premium spirits expertise to scale our Japanese operations”
Brown-Forman distributes the William Grant & Sons portfolio in Japan, a signal for WG&S gaining Japanese route-to-market via Brown-Forman.
“the termination of our discussions with Pernod Ricard”
Brown-Forman disclosed it terminated strategic transaction discussions with Pernod Ricard after failing to reach mutually agreeable terms.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BF-B Brown–Forman | 5 | +2.0% | |
| STZ Constellation Brands | 5 | -3.3% |