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Brown-Forman Corporation (BF.B) Q3 2026 Earnings Call Transcript

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⚡ Quantum Brief
Brown-Forman reported Q3 2026 earnings on March 4, with CEO Lawson Whiting and CFO Leanne Cunningham leading the call, highlighting financial performance amid market uncertainties. Net sales and operating income trends were discussed, with executives noting challenges in global supply chains and shifting consumer demand impacting year-to-date results. The company emphasized strategic investments in premium brands like Jack Daniel’s, despite macroeconomic pressures, to drive long-term growth in key markets. Analysts from Citigroup, JPMorgan, and Bernstein questioned inventory levels, pricing strategies, and emerging market performance during the Q&A session. Forward-looking statements carried disclaimers about risks, including geopolitical instability and regulatory changes, which could alter projected outcomes.
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Brown-Forman Corporation (BF.B) Q3 2026 Earnings Call Transcript

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SA Transcripts158.8K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Brown-Forman Corporation (BF.B) Q3 2026 Earnings Call March 4, 2026 10:00 AM EST Company Participants Susanne J. PerramLawson Whiting - CEO, President & DirectorLeanne Cunningham - Executive VP & CFOSusanne Perram Conference Call Participants Filippo Falorni - Citigroup Inc., Research DivisionDrew Levine - JPMorgan Chase & Co, Research DivisionNadine Sarwat - Bernstein Institutional Services LLC, Research DivisionEric Serotta - Morgan Stanley, Research DivisionAndrea Pistacchi - BofA Securities, Research DivisionStephen Robert Powers - Deutsche Bank AG, Research DivisionKevin Grundy - BNP Paribas, Research DivisionSeamus Cassidy - TD Cowen, Research DivisionWilliam Kirk - ROTH Capital Partners, LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Brown-Forman Third Quarter and Year-to-Date Fiscal Year 2026 Earnings Call. [Operator Instructions] I would now like to hand the conference over to your first speaker today, Sue Perram, Vice President, Director of Investor Relations. Please go ahead. Susanne J. Perram Thank you, and good morning, everyone. I would like to thank each of you for joining us today for Brown-Forman's Third Quarter and Year-to-Date 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 that will determine future results are beyond the company's ability to control or predict. You should not place undue reliance on any forward-looking statements. And except as required by law, the company undertakes no obligation to update any of these statements whether due to new information, future events or otherwise. This morning, we issued a press release containing our results for the third

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