B-F Ends FY 26 Better than Expected, Boosted by Innovation & Distrib Changes

Dear Client:  Brown-Forman today reported its full year fiscal 2026 results (ended April 30), with global sales flat on an organic basis, exceeding expectations.  "Despite continued volatility, and uncertainty, we delivered fiscal 2026 organic net sales and organic operating income above our expectations," said B-F chief Lawson Whiting on today's earnings call. He added that the growth drivers for the fiscal year "were very consistent," including successful innovations, strong growth in emerging international markets, and changes to their distributor network