{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"BF.B Stock: Profit Grew 4%, But the Guide Says the Year Shrinks (Brown-Forman Q1 FY2027)","slug":"bf-b-stock-profit-grew-4-but-the-guide-says-the-year-shrinks-brown-forman-q1-fy2027","published_at":"2026-09-03T08:10:19+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/bf-b-stock-profit-grew-4-but-the-guide-says-the-year-shrinks-brown-forman-q1-fy2027","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/bfb-stock-profit-grew-4-but-the-guide-says-the-year-shrinks-brown-forman-q1-fy2027/","audio_url":"https://mcdn.podbean.com/mf/web/0ijvwairfh6ppsbf/audio_e.mp3","summary":"Brown-Forman (BFB) Q1 FY2027 — The stock rose 3.9% the same session, from $26.36 to $27.38, on 4.0 million shares against a 2.9 million average. Brown-Forman grew organic operating income 4% and reaffirmed its full-year outlook - an outlook that calls for organic operating income to FALL 3% to 5%. Q1 is about a quarter of the year's profit, so the remaining nine months have to fall roughly 5% to 8%: a 9 to 12 point deceleration the company printed without ever writing down. The shares rose on the reaffirmation. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$26.28 vs ~$27.38 today. KEY METRICS: - Net sales $911m, down 1% reported and organic. Gross margin EXPANDED 40bp to 60.2%, but operating margin fell 50bp to 27.7% and operating income fell $8m to $252m - Organic operating income +4% against a REAFFIRMED full-year guide of -3% to -5%. On Q1's 23-26% share of the year, the remaining nine months must fall about 5% to 8% - Diluted EPS $0.38, up 6%, entirely from below the operating line: non-operating postretirement expense fell $19m to $1m and diluted shares fell 2.8% to 459.5m - Advertising fell 5% to $114m on what the release calls 'the timing of spend' - roughly 2.5 of the 4 points of organic profit growth is a cost deferred, not saved. SG&A +4% - The prior-year base was flattered about $6m net: an $18m substitution drawback benefit (all claims now collected) against a $12m restructuring charge that did not repeat - Depletions +8% and shipments +7% while net sales fell 1% - revenue per case down about 8.3% on our arithmetic. Mix, not destocking: shipments did not fall below depletions - Brand write-downs three years running and compounding: $7m FY2024, $47m FY2025, $132m FY2026 - 13% of that year's $1,001m operating income - DUAL CLASS: 168.5m voting A at $2…","meta_description":"Brown-Forman (BFB) Q1 FY2027 — The stock rose 3.9% the same session, from $26.36 to $27.38, on 4.0 million shares against a 2.9 million average. Brown-For…","key_points":[],"chapters":[],"topics":[],"duration_seconds":870,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/bf-b-stock-profit-grew-4-but-the-guide-says-the-year-shrinks-brown-forman-q1-fy2027/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/bf-b-stock-profit-grew-4-but-the-guide-says-the-year-shrinks-brown-forman-q1-fy2027.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}