B-F F24 Results Lower than Expected, but Brass Confident in Underlying Trends

Dear Client: Brown-Forman ended its fiscal year with results lower than expected as global net sales were down 1% for the fiscal year ended April 30. In Q4, net sales were down 5% globally on an organic basis. "Fiscal 2024 has certainly been a challenging year as we're still operating in a highly dynamic environment," said B-F chief Lawson Whiting on this morning's earnings call. "While our business is not immune to the impacts of industry and macroeconomic headwinds, Brown-Forman and