Brown-Forman (BF-B) Revenue — Quarter Ended Oct 31, 2023
Revenue increased in the reporting quarter compared with both the immediate prior quarter and the same quarter a year earlier. The sequential gain was more pronounced than the year-over-year advance.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q2
Revenue increased in the reporting quarter compared with both the immediate prior quarter and the same quarter a year earlier. The sequential gain was more pronounced than the year-over-year advance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+6.6%
Change from the immediately preceding quarter.
Year-over-year
+1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2023 | $1.1B | +4.2% |
| Apr 30, 2023 | $1B | +5.0% |
| Jul 31, 2023 | $1B | +3.1% |
| Oct 31, 2023 | $1.1B | +1.2% |
Revenue performance
The reported revenue direction for the quarter was upward. This marks the fourth consecutive quarter of positive year-over-year growth.
Quarterly comparison
Revenue in this quarter was higher than in the immediately preceding quarter, with a larger percentage gain than the increase seen versus the same quarter one year earlier. The year-ago comparison also shows a modest rise.
What to watch
Monitoring expense growth relative to revenue will be important, as advertising and SG&A costs increased faster than revenue in the quarter.