News Summary

• Brown-Forman Corporation (NYSE:BF-B) warned that alcohol demand in developed markets is likely to remain weak through fiscal 2027.
• The company reported first-quarter net sales of $911 million, down 1% year over year and slightly below analysts' expectations of $914.9 million.
• Despite the sales miss, adjusted earnings of $0.38 per share beat estimates of $ 0.37, and management maintained its full-year outlook for flat organic sales and a 3%–5% decline in organic operating income.