Brown-Forman (NYSE: BFB) reported earnings on June 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q4), Brown-Forman met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share contracted. GAAP earnings per share expanded.
Gross margins contracted, operating margins grew, net margins dropped.
Revenue details
Brown-Forman reported revenue of $866.0 million. The six analysts polled by S&P Capital IQ predicted a top line of $861.4 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $602.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.48. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. Non-GAAP EPS of $0.48 for Q4 were 2.0% lower than the prior-year quarter's $0.49 per share. GAAP EPS of $0.52 for Q4 were 6.1% higher than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 69.7%, 30 basis points worse than the prior-year quarter. Operating margin was 26.8%, 190 basis points better than the prior-year quarter. Net margin was 17.1%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $951.4 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $4.05 billion. The average EPS estimate is $2.96.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brown-Forman is hold, with an average price target of $70.00.
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