Brown-Forman said net sales for the 3 months ended January 31, 2025 were $1.0 billion, a decrease of $33 million (3%), and operating income was $280 million, a decrease of $93 million (25%).

1. 01

   Brown-Forman said net sales for the 3 months ended January 31, 2025 were $1.0 billion, a decrease of $33 million (3%), and operating income was $280 million, a decrease of $93 million (25%).

2. 02

   The company said operating income for the 9 months ended January 31, 2025 was $902 million, a decrease of $137 million (13%), and operating margin declined to 29.3% from 32.3%, while gross margin declined to 59.4% from 60.9%.

3. 03

   Brown-Forman said its Board of Directors approved a plan in the Q3 of fiscal 2025 to reduce its structural cost base. The plan included reducing its workforce by approximately 12% and closing the Louisville-based Brown-Forman Cooperage, with this adjustment item totaling $33 million.

4. 04

   The company said operating cash flow for the 9 months ended January 31, 2025 was $446 million, an increase of $84 million, investing activities generated $284 million in cash, and financing activities used $546 million in cash.

Key figures

Quarter ended January 31, 2025

Revenue

$1.0B

Operating income

$280M

Net income

$270M

EPS

$0.57

Gross profit

$619M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.