Q2 2026 Brown-Forman Corp Earnings Call Transcript
Key Points
- Brown-Forman Corp (BF.A) reported strong double-digit growth in emerging international markets, with Mexico and Brazil leading the way.
- The launch of Jack Daniel's Tennessee Blackberry has exceeded expectations, contributing positively to organic net sales.
- The company has successfully completed distributor transitions in the US, which are expected to improve focus and investment from partners.
- Brown-Forman Corp (BF.A) has maintained or gained market share in the whiskey category in six of its eight top European markets.
- The company has reaffirmed its full-year fiscal 2026 outlook, indicating confidence in its strategic initiatives and market positioning.
- Reported net sales declined by 4% in the first half of fiscal 2026, with organic net sales remaining flat.
- The developed international markets experienced a 6% decline, and the US market showed flat performance.
- Used barrel sales decreased by more than 60%, significantly impacting organic net sales results.
- The trade dispute between the US and Canada has led to a 60% decline in Canada's organic net sales.
- Consumer confidence and discretionary spending remain pressured in the US and many developed international markets due to macroeconomic and geopolitical uncertainties.
Good day, and thank you for standing by. Welcome to the Brown-Forman Corporation second quarter and first half of fiscal 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Sue Perram, Vice President, Director, Investor Relations. You may begin.
Thank you, and good morning, everyone. I would like to thank each of you for joining us today for Brown-Forman's second quarter and first half of fiscal year 2026 earnings call. Joining me today are Lawson Whiting, President and Chief Executive Officer; and Leanne Cunningham, Executive Vice President and Chief Financial Officer. This morning's conference call contains forward-looking statements based on our current expectations.
Numerous risks and uncertainties may cause actual results to differ materially from those anticipated or projected in these statements. Many of the factors
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