10-Q quarterly report · filed Aug 28, 2025

Brown–Forman (BF.B) Q3 2025 10-Q Quarterly Report

Short answer

Brown–Forman (BF.B) filed its Q3 2025 10-Q quarterly report on Aug 28, 2025 for the quarter ended Jul 31, 2025. Quarterly revenue was $924M (down 2.8% year over year) with net income of $170M.

Q3 2025 key financials · XBRL

Revenue
$924M
−2.8% YoY
Net income
$170M
−12.8% YoY
Operating margin
28.1%
Gross margin
59.7%
EPS (diluted)
$0.36
−12.2% YoY

Source: XBRL data from the Brown–Forman (BF.B) Q3 2025 10-Q on SEC EDGAR. USD.

Brown–Forman Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New restructuring initiative risk: Board approved 12% workforce reduction and Brown-Forman Cooperage closure, leading to increased operating expenses in Q1 FY26
  • Updated operational risk: Distributor portfolio transition in California and 13 additional U.S. markets caused temporary net sales distortion and inventory build-up in Q1 FY26
  • Regulatory/legal risk: Legal fees increased due to substitution drawback claims impacting SG&A expenses in Q1 FY26
  • Market risk: Net sales declined 8% in the U.S. due to Sonoma-Cutrer divestiture, Korbel relationship end, and lower volumes of key brands amid macroeconomic uncertainty
  • Financial risk: Cash and cash equivalents increased to $471 million by July 31, 2025, with 54% held overseas, exposing the company to repatriation tax risks

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Brown–Forman quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.