Filing Flows › Brown Forman (BF-B) › Q1 FY27 › vs Q4 FY26
Brown Forman (BF-B) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Brown Forman's revenue rose $22.0M (+2%) from $1.2B in Q4 FY26 to $1.2B in Q1 FY27. The biggest changes: Ready-to-Drink +$24.0M (+18%); Other revenues +$23.0M (+9%); Whiskey −$16.0M (-2%). Gross margin 46.5% against 49.3% (-2.8 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 46.5% | 49.3% | -2.8 pts |
| Operating margin | 21.3% | 8.3% | +13.1 pts |
| Net margin | 14.9% | 4.7% | +10.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Whiskey | $658M | $674M | −$16.0M | -2% |
| Ready-to-Drink | $154M | $130M | $24.0M | +18% |
| Tequila | $54.0M | $62.0M | −$8.0M | -13% |
| Rest of portfolio | $39.0M | $42.0M | −$3.0M | -7% |
| Non-branded and bulk | $6.0M | $4.0M | $2.0M | +50% |
| Other revenues | $270M | $247M | $23.0M | +9% |
| Revenue | $1.2B | $1.2B | $22.0M | +2% |
| Gross profit | $549M | $571M | −$22.0M | -4% |
| Cost of revenue | $632M | $588M | $44.0M | +7% |
| Operating profit | $252M | $96.0M | $156M | +162% |
| Operating expenses | $297M | $475M | −$178M | -37% |
| Pre-tax earnings | $229M | $71.0M | $158M | +223% |
| Other expense, net | $23.0M | $25.0M | −$2.0M | -8% |
| SG&A | $185M | $259M | −$74.0M | -29% |
| Other operating costs | $112M | $216M | −$104M | -48% |
| Net earnings | $176M | $54.0M | $122M | +226% |
| Income tax | $53.0M | $17.0M | $36.0M | +212% |
| Depreciation & amortization | $23.0M | $24.0M | −$1.0M | -4% |
| Share-based compensation | $4.0M | $10.0M | −$6.0M | -60% |
| Working capital & other | $30.0M | −$203M | $233M | — |
| Operating cash flow | $173M | $291M | −$118M | -41% |
Questions
How much did Brown Forman's revenue grow quarter over quarter in Q1 FY27?
Brown Forman's revenue rose $22.0M (+2%) from $1.2B in Q4 FY26 to $1.2B in Q1 FY27.
What drove Brown Forman's revenue change in Q1 FY27?
Ready-to-Drink +$24.0M (+18%); Other revenues +$23.0M (+9%); Whiskey −$16.0M (-2%).