BF.B Brown–Forman

company

SEC Filings & Insider Trading Activity 2026

Risk Factors

• • US tariffs on Canadian imports including Jack Daniel’s, 25% tariff triggering Canadian provincial bans effective March 2025
• • Exposure to geopolitical risks from Middle East conflicts and Ukraine sanctions impacting operations in over 170 countries
• • Supply chain vulnerability from sole glass bottle supplier and oak barrel supply critical for whiskey production
• • Competitive pressure from beer, soft drink, and cannabis companies entering ready-to-drink and spirits markets
• • Credit rating downgrade review in November 2025 increasing borrowing costs and reducing capital market access

Business Overview

• • Core business: Manufacture, distill, import, market, and sell premium-plus beverage alcohol globally with 40+ spirit and RTD brands including Jack Daniel’s
• • New emphasis: Expanded RTD portfolio globally; ended partnership with Pabst Brewing to self-manage Jack Daniel’s Country Cocktails from July 2026
• • Strategic shift: Major U.S. distribution network overhaul involving 25 markets and new distributors in 14 open states in FY2026
• • Quantitative: Employee count stable at ~4,900; Woodford Reserve sold 1.9 million nine-liter cases in FY2026; U.S. market 42% of net sales
• • Noteworthy: Operational anaerobic digester at Jack Daniel’s converting byproducts to renewable energy and fertilizer as part of sustainability efforts

Management Discussion & Analysis

• • Revenue $3.93B, down 1% YoY ($47M), with declines in U.S. offset by Emerging market growth and Travel Retail gains
• • Gross margin 60.5% vs 58.9% (+1.6pp); operating margin 25.5% vs 27.9% (-2.4pp) due to impairment charges and higher SG&A expenses
• • Best segment Emerging markets +20% driven by Mexico, +13% Brazil; worst Non-branded and bulk down 68% from decline in used barrel sales
• • Operating cash flow $1.0B (+$402M); Capex $107M; capital returned via $427M dividends and $400M share repurchases completed Dec 2025
• • Fiscal 2027 outlook: organic net sales flat; organic operating income down 3-5%; capital expenditures $60-70M; ongoing macroeconomic challenges

Risk Factors

• • No material changes to risk factors since 2025 Form 10-K filing
• • Key carried-forward risk: tariff/trade policy exposure across Brown-Forman's international spirits portfolio
• • Competitive risk: continued premiumization pressure in whiskey category affecting Jack Daniel's volume trends
• • Regulatory risk: evolving alcohol advertising and labeling requirements across global markets
• • Currency risk: significant non-USD revenue exposure given Brown-Forman's broad international distribution footprint

Management Discussion & Analysis

• • Q3 FY2026 net sales $1.056B, up 2% YoY ($21M increase); 9-month net sales $3.0B, down 2% YoY ($65M decline)
• • Q3 operating margin 32.1% vs 27.1% YoY (+5.0pp); 9-month operating margin 30.0% vs 29.3% YoY (+0.7pp); gross margin 60.6% vs 59.8% (Q3) and 59.9% vs 59.4% (9-month)
• • Best performer: New Mix +37% (Mexico-led share gains); worst: Non-branded/bulk -64% on collapsed used barrel demand, Canada -60% on American-made alcohol boycott
• • Operating cash flow up $263M YoY on lower working capital; cash declined to $383M from $444M; $400M share buyback program completed December 2025
• • Management reiterates organic net sales and operating income decline in low-single digit range for FY2026; tax rate guidance narrowed to 19%-21% from prior 21%-23%; tariff/trade policy flagged as active headwind

What are the latest BF.B SEC filings in 2026?

Brown–Forman (BF.B) has filed a 10-K annual report on June 12, 2026, a 10-Q quarterly report on March 4, 2026, an 8-K current report on July 23, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did BF.B file its most recent 10-K annual report?

Brown–Forman (BF.B) filed its most recent 10-K annual report on June 12, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view BF.B 10-Q quarterly reports?

Brown–Forman (BF.B)'s most recent 10-Q quarterly report was filed on March 4, 2026. SignalX displays every BF.B 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has BF.B filed recently?

Brown–Forman (BF.B)'s most recent 8-K was filed on July 23, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find BF.B insider trading activity (Form 4)?

SignalX aggregates every BF.B Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does BF.B file with the SEC?

Brown–Forman (BF.B) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new BF.B filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Brown–Forman (BF.B).

What is BF.B's SEC CIK number?

Brown–Forman (BF.B)'s SEC CIK (Central Index Key) number is 14693. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 14693 to look up all BF.B filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find BF.B return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Brown–Forman (BF.B) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.