Brown-Forman (BF-B) Revenue — Quarter Ended Jan 31, 2024
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. This decline follows a series of quarter-over-quarter increases in the prior periods.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q3
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. This decline follows a series of quarter-over-quarter increases in the prior periods.
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
-3.4%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
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 |
|---|---|---|
| Apr 30, 2023 | $1B | +5.0% |
| Jul 31, 2023 | $1B | +3.1% |
| Oct 31, 2023 | $1.1B | +1.2% |
| Jan 31, 2024 | $1.1B | -1.1% |
Revenue performance
The reported revenue fell relative to the prior quarter, and also declined when measured against the same period a year ago. The magnitude of the decrease was moderate.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, and it was also lower than the same quarter one year earlier. The trend of positive sequential growth observed in earlier quarters was broken.
What to watch
Monitor whether the quarter's revenue decline signals a sustained shift from the prior growth pattern.