Brown-Forman’s own May 9, 2026 Q4 FY2026 earnings release and conference call clearly state that organic net sales grew 1% year-over-year in the fourth quarter, which does not exceed the 2% threshold.
For the fourth quarter of fiscal 2026, reported net sales decreased 3%, while organic net sales increased 1% compared to the same prior-year period.https://ir.brown-forman.com/news-releases/news-release-details/brown-forman-reports-fourth-quarter-and-fiscal-2026-results
Q4 FY26 organic net sales growth: +1% versus prior year, reflecting modest underlying growth partially offset by portfolio optimization and inventory normalization.https://ir.brown-forman.com/static-files/bf-q4-2026-earnings-release-supplement
CFO: "In the fourth quarter, organic net sales grew 1% year-over-year, in line with our expectations and lapping a very strong prior-year quarter."https://ir.brown-forman.com/events-and-presentations/event-details/2026/brown-forman-corporation-fourth-quarter-and-fiscal-year-2026-earnings-conference-call
10 = primary source confirmed, no ambiguity. 7-9 = strong evidence, minor interpretation. Below 7 = material uncertainty; market should have been voided.
YES if organic net sales growth exceeds 2% YoY in earnings release or conference call transcript; NO otherwise. Source: ir.brown-forman.com.
Brown-Forman Investor Relations, https://ir.brown-forman.com