BF-ANYSEManufacturing

Brown Forman Corp (BF-A) earnings date, market-implied expected move, and options open interest by expiry

31.01

+1.61 · +5.48%

Regular session14:29 ET

Open30.64Volume88,748Mkt cap$13.3BP/E20.01EPS1.55Div yield3.14%

Day30.64 – 31.01100%52-wk22.63 – 30.93100%

BF-A

Brown Forman Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Dec 3

before open · in 31 days

est.Q2 FY27

Calendar

Next report

Last report

+3.37%

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.68%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

211 managers

Top fund weight

—

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Brown Forman (BF-A) is expected to report on Dec 3 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q1 FY27Sep 2 '26confirmed—▲+3.37%—

quarterimplied−5%0+5%realized×

Q1 FY27—▲+3.37%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 1 expiry · Oct 30 close

0.28OI · 1 expiry · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

840%Mar 19137d298+1%

ExpiryPutsCallsP/C

Mar 19137d840%298+1%0.28

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No linked exposure.

Linked exposure

Revenue flow

as filedQ1 FY27

19.32%as filednet margin · revenue −21.40% QoQ · −1.41% YoY

Revenue

$911M−21.40% QoQ

Gross profit

$549M−3.85% QoQ

60.26% margin

Operating income

$252M+162.50% QoQ

27.66% margin

Pre-tax income

$229M+222.54% QoQ

Net income

$176M+225.93% QoQ

19.32% margin

Cost of revenue

$632M+7.48% QoQ

Operating expenses

$297M−37.47% QoQ

SG&A $185M

Marketing $114M

Other expense

$23M

Tax

$53M+211.76% QoQ

Revenue$911M−21.40%

Gross profit

$549M−3.85%

60.26% margin

Operating income

$252M+162.50%

27.66% margin

Pre-tax income

$229M+222.54%

Net income

$176M+225.93%

19.32% margin

Cost of revenue

$632M+7.48%

Operating expenses

$297M−37.47%

SG&A $185M

Marketing $114M

Other expense

$23M

Tax$53M+211.76%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 14:15 ET

Intraday

Event sensitivity

CPROF ×1.48· ±2.2% vs ±1.5% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±2.2%7 of 12×1.48

FOMCrate decision±1.9%9 of 24×1.33

CPIconsumer prices±1.7%1 of 11×1.18

GDPgross domestic product±1.5%13 of 20×1.05

PCEpersonal income & outlays±1.3%12 of 20×0.93

NFPjobs report±1.3%8 of 10×0.91

PPIproducer prices±1.3%8 of 11×0.87

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 0.38 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Sep 2 '26 · confirmed	0.38	—
Q4 FY26	—	0.12	—
Q3 FY26	—	0.58	—
Q2 FY26	—	0.47	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod