Brown-Forman Class B
Produces Jack Daniel’s and a global portfolio of premium spirits.
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Profile
Produces whiskey, tequila, ready-to-drink cocktails, and other spirits under brands led by Jack Daniel’s. The publicly listed, family-controlled company distills, manages brands, and sells its portfolio in more than 170 countries.
Whiskey is the core category, led by Jack Daniel’s, with Woodford Reserve, Old Forester, and Scotch whisky brands also in the portfolio. Tequila, ready-to-drink cocktails, gin, rum, and other spirits broaden the offering; recent reporting also distinguishes non-branded and bulk activity.
Distilling, brand stewardship, and route-to-market execution support sales in more than 170 countries. The company remains publicly listed and family-controlled, a governance structure rooted in the Brown family’s long stewardship.
Production depends on agricultural and natural inputs including grains, grapes, agave, clean water, and oak. Alcohol-consumption responsibility and environmental stewardship are stated elements of the company’s operating framework.
Company facts
Categories
Key statistics
Year to date +4.1% · Average volume (30d) 2.0M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 4, 2026Q4 FY26 | $0.31 | $0.12 | −61.2% | $884.7M | $912.0M | +3.1% | +2.75% |
| Mar 4, 2026Q3 FY26 | $0.47 | $0.58 | +24.5% | $1.00B | $1.06B | +5.3% | −0.53% |
| Aug 28, 2025Q1 FY26 | $0.47 | $0.36 | −24.3% | $1.02B | $924.0M | −9.2% | +3.35% |
| Jun 3, 2025Q4 FY25 | $0.34 | $0.31 | −8.8% | $967.1M | $894.0M | −7.6% | −0.03% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $894.0M | $924.0M | $1.04B | $1.06B | $912.0M | |
| Gross profit | $619.0M | $513.0M | $552.0M | $615.0M | $640.0M | $571.0M | |
| Operating income | $311.0M | $232.0M | $272.0M | $309.0M | $343.0M | $216.0M | |
| Net income | $270.0M | $146.0M | $170.0M | $224.0M | $267.0M | $54.0M | |
| Diluted EPS | $0.57 | $0.31 | $0.36 | $0.47 | $0.56 | $0.12 | |
| Gross margin | 59.8% | 57.4% | 59.7% | 59.4% | 60.6% | 62.6% | |
| Operating margin | 30.0% | 26.0% | 29.4% | 29.8% | 32.5% | 23.7% |
Fiscal years (4-quarter sums)FY19 $3.32B · FY20 $3.36B · FY24 $4.18B · FY25 $3.98B · FY26 $3.93B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $308.0M · Total debt $2.15B · Total assets $7.89B · Shareholders' equity $4.02B
Dividends
Raised for 38 straight years — most recently to $0.231 from $0.227 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jul 1 | $0.231 | |
| Mar 9, 2026 | Mar 9 | Apr 1 | $0.231 | |
| Dec 5, 2025 | Dec 5 | Jan 2 | $0.231 | raised from $0.227 |
| Sep 3, 2025 | Sep 3 | Oct 1 | $0.227 | |
| Jun 9, 2025 | Jun 9 | Jul 1 | $0.227 | |
| Mar 7, 2025 | Mar 7 | Apr 1 | $0.227 | raised from $0.2265 |
| Dec 6, 2024 | Dec 6 | Jan 2 | $0.2265 | raised from $0.2178 |
| Sep 3, 2024 | Sep 3 | Oct 1 | $0.2178 |
Ownership
Shares outstanding 466.34M · Float 450.01M · 96.5% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Wolf Pen Branch, LP | 101.60M | 60.30% | 13D | Jun 3, 2026 |
| Vanguard Capital Management LLC | 14.60M | 3.13% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 13.40M | 2.87% | 13F | Aug 13, 2026 |
| FMR LLC | 12.58M | 2.70% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 12.16M | 2.61% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 12, 2026 | Lawson E. Whiting | director, officer: President & CEO | −25,915 | $31.01 |
| Dec 12, 2025 | Lawson E. Whiting | director, officer: President & CEO | −8,834 | $31.00 |
| Dec 4, 2025 | Lawson E. Whiting | director, officer: President & CEO | −12,531 | $31.01 |
Peers
- Diageo (ADR)
Global rival in premium whiskey and tequila
- MGP Ingredients
Premium American whiskey and tequila portfolio rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Brown-Forman Class B | $27.22 | +0.02% | $12.69B | 18.0 | 16.0 | 3.2 | +2.0% |
| Diageo (ADR) | $92.99 | +0.05% | $51.69B | 29.5 | — | 2.6 | −2.6% |
| MGP Ingredients | $16.85 | +0.12% | $360.8M | — | 10.1 | 0.7 | −14.5% |
| Median | 29.5 | 10.1 | 1.7 | −8.5% |