Sales lift in latest quarter not the shape of things to come in FY for Brown-Forman – results data

Sales in three months to end of July increase by 1% to US$924mFull-year sales (to end of April) expected to decline by low single digitsBrown-Forman has started its current financial year well, albeit somewhat artificially, as inventory was shifted to prepare for US distribution changes.The brand owner reported a 1% rise in sales from the three months to the end of July, representing a good start to fiscal 2026 and an improvement on Q4 2025's -3% top line. However, the showing was set into stark relief by the company's forecast of a slight fall in sales for the 12 months to April next year.