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BF.A first-quarter results met expectations as innovation and RTDs drove growth amid tequila and used-barrel sales headwinds. Gross margin improved and EPS rose 6%. Fiscal 2027 guidance was reaffirmed.
Brown-Forman said first-quarter fiscal 2027 results were largely in line with expectations and reaffirmed full-year guidance for flat organic net sales and a 3% to 5% decline in organic operating income.