LOUISVILLE — Brown-Forman Corp. Board of Directors has approved a $400 million share repurchase authorization, commencing October 1, 2025, through October 1, 2026, subject to market and other conditions.
“Despite an increasingly competitive environment, we remain confident in our ability to generate strong cash flow,” said Brown-Forman President and Chief Executive Officer, Lawson Whiting. “This repurchase is aligned with our broader capital deployment priorities and reflects our commitment to returning capital to shareholders while maintaining flexibility to invest in growth.”
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This share repurchase program does not obligate the company to repurchase a minimum number of shares of Class A or Class B common stock, and this share repurchase program may be modified, suspended, or terminated by the company at any time without prior notice.
Under the program, the company can repurchase Class A and Class B common shares for cash in open market purchases, block transactions, purchases made in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and privately negotiated transactions, in accordance with applicable laws and regulations.
Headquartered in Louisville, Kentucky, Brown-Forman Corp. is a global leader in the spirits industry with 5,000 employees worldwide making spirits sold in 170 countries. Building brands for more than 155 years, its portfolio includes Jack Daniel’s Family of Brands, Woodford Reserve, Old Forester, New Mix, el Jimador, Herradura, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Gin Mare, Fords Gin, Chambord, and Slane.
