Filing Flows › Brown Forman (BF-B) › Q1 FY27 › vs Q1 FY26
Brown Forman (BF-B) Q1 FY27 vs Q1 FY26 (year over year)
Brown Forman's revenue fell $10.0M (-0.8%) from $1.2B in Q1 FY26 to $1.2B in Q1 FY27. The biggest changes: Ready-to-Drink +$26.0M (+20%); Rest of portfolio −$22.0M (-36%); Tequila −$8.0M (-13%). Gross margin 46.5% against 46.3% (+0.1 pts).
Brown Forman, Q1 FY27: revenue $1.2B (-0.8% year over year), operating margin 21.3%, net earnings $176M, operating cash flow $173M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 46.5% | 46.3% | +0.1 pts |
| Operating margin | 21.3% | 21.8% | -0.5 pts |
| Net margin | 14.9% | 14.3% | +0.6 pts |
| Free cash flow margin | 13.6% | 10.8% | +2.8 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Whiskey | $658M | $659M | −$1.0M | -0.2% |
| Ready-to-Drink | $154M | $128M | $26.0M | +20% |
| Tequila | $54.0M | $62.0M | −$8.0M | -13% |
| Rest of portfolio | $39.0M | $61.0M | −$22.0M | -36% |
| Non-branded and bulk | $6.0M | $14.0M | −$8.0M | -57% |
| Other revenues | $270M | $267M | $3.0M | +1% |
| Revenue | $1.2B | $1.2B | −$10.0M | -0.8% |
| Gross profit | $549M | $552M | −$3.0M | -0.5% |
| Cost of revenue | $632M | $639M | −$7.0M | -1% |
| Operating profit | $252M | $260M | −$8.0M | -3% |
| Operating expenses | $297M | $292M | $5.0M | +2% |
| Pre-tax earnings | $229M | $220M | $9.0M | +4% |
| Other expense, net | $23.0M | $40.0M | −$17.0M | -43% |
| SG&A | $185M | $177M | $8.0M | +5% |
| Other operating costs | $112M | $115M | −$3.0M | -3% |
| Net earnings | $176M | $170M | $6.0M | +4% |
| Income tax | $53.0M | $50.0M | $3.0M | +6% |
| Depreciation & amortization | $23.0M | $22.0M | $1.0M | +5% |
| Share-based compensation | $4.0M | $4.0M | $0 | 0% |
| Working capital & other | $30.0M | $36.0M | −$6.0M | -17% |
| Operating cash flow | $173M | $160M | $13.0M | +8% |
| Free cash flow (company-reported) | $161M | $129M | $32.0M | +25% |
| Itions to property, plant, and equipment | $12.0M | $31.0M | −$19.0M | -61% |
Questions
How much did Brown Forman's revenue grow year over year in Q1 FY27?
Brown Forman's revenue fell $10.0M (-0.8%) from $1.2B in Q1 FY26 to $1.2B in Q1 FY27.
What drove Brown Forman's revenue change in Q1 FY27?
Ready-to-Drink +$26.0M (+20%); Rest of portfolio −$22.0M (-36%); Tequila −$8.0M (-13%).