BF-B Q1 2023 Earnings — Brown-Forman Corporation Revenue & Financial Results | Market Cap Arena

BF-BBrown-Forman Corporation

$12B

Q1 2023 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$1.0B+11.1% YoY

Gross Profit

$622M61.8% margin

Operating Income

$343M34.1% margin

Net Income

$249M24.7% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$173M

Free Cash Flow

$139M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$3.7B

Stockholders' Equity

$2.8B

Cash & Equivalents

$899M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$906M	+11.1%
Gross Profit	$622M	$553M	+12.5%
Operating Income	$343M	$289M	+18.7%
Net Income	$249M	$192M	+29.7%

Revenue Segments

Whiskey

$707M70%

Ready-to-Drink

$126M13%

Tequila

$70M7%

Wine

$46M5%

Vodka

$23M2%

Rest of portfolio

$18M2%

Non-branded and bulk

$17M2%