Quarterly Earnings Decline: Brown-Forman Inc reported a decline in quarterly earnings and sales, with earnings per share at 47 cents, missing analyst expectations, and sales down 5% year-over-year to $1.036 billion.
Brand Performance Insights: Whiskey sales remained flat, while tequila sales declined by 3%, with specific brands like Herradura experiencing an 11% drop in net sales due to competitive pressures.
Financial Position: The company ended the quarter with cash and equivalents of $319 million, down from $444 million, while long-term debt was reduced to $2.072 billion.
Outlook and Guidance: Despite the challenges in the operating environment, Brown-Forman reaffirmed its full-year guidance, indicating that performance trends were in line with expectations.
Wall Street analysts forecast BF.A stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BF.A is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BF.A stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BF.A is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 28.230
Low
Averages
High
Current: 28.230
Low
Averages
High
Citi
Filippo Falorni
Neutral -> Sell
downgrade
$30 -> $27
2025-12-17
Reason
Citi
Filippo Falorni
Price Target
$30 -> $27
AI Analysis
2025-12-17
downgrade
Neutral -> Sell
Reason
Citi analyst Filippo Falorni downgraded Brown-Forman to Sell from Neutral with a price target of $27, down from $30. The firm believes the stock's recent outperformance relative to the company' spirits peers is overdone. Brown-Forman's category trends are challenged and the first half of 2026 will bring the reversal of its "temporary" sales benefits from over-shipment, the analyst tells investors in a research note.
JPMorgan
Underweight
downgrade
$29 -> $28
2025-12-05
Reason
JPMorgan
Price Target
$29 -> $28
2025-12-05
downgrade
Underweight
Reason
JPMorgan lowered the firm's price target on Brown-Forman to $28 from $29 and keeps an Underweight rating on the shares. The firm updated the company's model post the fiscal Q2 report.
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Evercore ISI
In Line
maintain
$30 -> $32
2025-12-05
Reason
Evercore ISI
Price Target
$30 -> $32
2025-12-05
maintain
In Line
Reason
Evercore ISI raised the firm's price target on Brown-Forman to $32 from $30 and keeps an In Line rating on the shares. Brown-Forman's quarterly performance "reflects a mixed bag with some bright spots," says the analyst, who adds that the company continues to navigate a tough market environment while leveraging its strong brand assets and innovation pipeline.
Deutsche Bank
Steve Powers
Hold
maintain
$29 -> $30
2025-12-05
Reason
Deutsche Bank
Steve Powers
Price Target
$29 -> $30
2025-12-05
maintain
Hold
Reason
Deutsche Bank analyst Steve Powers raised the firm's price target on Brown-Forman to $30 from $29 and keeps a Hold rating on the shares. The firm updated the company's model post the fiscal Q2 report.
About BF.A
Brown-Forman Corporation manufactures, distills, bottles, imports, exports, markets, and sells a variety of beverage alcohol products under brands. It has built a portfolio of more than 40 spirit, ready-to-drink (RTD) cocktails, and wine brands. Its brands include Jack Daniel’s Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomatico Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. Its Jack Daniel’s Family of Brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTD, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Apple, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Bonded Tennessee Whiskey, Jack Daniel’s Bonded Tennessee Rye, Jack Daniel’s Triple Mash Blended Straight Whiskey, Jack Daniel’s American Single Malt, and Jack Daniel’s 12 Year Old. It sells its products in over 170 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
