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Brown-Forman Shares Plunge 18% Amid Revenue Decline

6/6/2025

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Summary

Story summary

Brown-Forman expects annual revenue and profit declines, leading to an 18% drop in shares.
The company faces a tough fiscal 2026 due to recession concerns and rising prices.
Sales decreased 7% to $894 million, missing analyst expectations, with earnings per share at 31 cents.
The EU's cancellation of retaliatory tariffs on American whiskey offers some relief.

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Story summary

Brown-Forman expects annual revenue and profit declines, leading to an 18% drop in shares.
The company faces a tough fiscal 2026 due to recession concerns and rising prices.
Sales decreased 7% to $894 million, missing analyst expectations, with earnings per share at 31 cents.
The EU's cancellation of retaliatory tariffs on American whiskey offers some relief.