Brown-Forman sees FY25 organic net sales up 2%-4%

Sees FY25 operating income growth 2%-4%. Sees FY25 effective tax rate 21%-23%. Sees FY25 capital expenditures $195M-$205M. The company said, “We anticipate a return to growth for organic net sales and organic operating income in fiscal 2025 driven by gains in international markets and the benefit of normalizing inventory trends. This outlook is tempered by our belief that global macroeconomic and geopolitical uncertainties will continue to create a challenging operating environment.”