Filing Flows › Brown Forman (BF-B) › Q3 FY25
Brown Forman (BF-B) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 5, 2025
Brown Forman (BF-B) reported revenue of $1.3B for the third quarter fiscal 2025 (Q3 FY25), -4% from a year earlier and -2% from the quarter before. Operating margin was 20.8%, net earnings $270M (20.0% of revenue).
Brown Forman, Q3 FY25: revenue $1.3B (-4% year over year), operating margin 20.8%, net earnings $270M, operating cash flow $317M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -2% | -4% |
| Gross profit | $619M | -4% | -3% |
| Operating profit | $280M | -18% | -25% |
| Net earnings | $270M | +5% | -5% |
| Operating cash flow | $317M | +183% | +20% |
| Free cash flow | $272M | +236% | +39% |
What changed
Revenue was $1.3B in Q3 FY25, down 4% year over year and down 2% from the previous quarter. Whiskey was the largest line at 56% of revenue. Rest of portfolio lost $0.05B year over year (down 41%), 83% of the total change.
Gross margin was 45.9%, up 0.8 points from a year earlier. Operating profit was $0.28B, a 20.8% margin (down 5.8 points year over year). Operating expenses grew 29% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+173%). Net earnings were $0.27B, down 5% year over year. The effective tax rate was 18.7%.
Operating cash flow was $0.32B (up 20% year over year), 117% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.04B left free cash flow of $0.27B.
Questions
What was Brown Forman's revenue in the third quarter fiscal 2025?
Brown Forman (BF-B) reported revenue of $1.3B for the third quarter fiscal 2025 (Q3 FY25), -4% from a year earlier and -2% from the quarter before.
Was Brown Forman profitable in the third quarter fiscal 2025?
Operating profit was $280M (20.8% of revenue) and net earnings $270M.
Source: Brown Forman 10-Q on SEC EDGAR.