Fiscal ’25 “Was a Year Unlike Any Other” for B-F

Dear Client: Brown-Forman reported a global net sales increase of 1% on an organic basis for the fiscal year ended April 30.  The fiscal year "unfolded largely as we expected," B-F chief Lawson Whiting said on today's earnings call. "This reflects the continued path to normalization following the significant multiyear disruption to our supply chain, 2+ years of exceptionally high demand and the impact of higher inflation and interest rates on the consumer and trade over the last two years."