Brown-Forman is expecting its depletions to grow ahead of shipments in its upcoming financial year but has still guided for flat net sales amid expectations a “challenging” operating environment will continue.
The Jack Daniel's brand owner is expecting to achieve "approximately flat" net sales in its 2027 fiscal year and a 3-5% decline in organic operating income.
Brown-Forman is expecting its depletions to grow ahead of shipments in its upcoming financial year but has still guided for flat net sales amid expectations a “challenging” operating environment will continue.