Brown Forman Gross Margin 2010-2024 | BF.A
- Brown Forman average gross margin for 2023 was 59.53%, a 1.68% increase from 2022.
- Brown Forman average gross margin for 2022 was 60.55%, a 0.07% decline from 2021.
- Brown Forman average gross margin for 2021 was 60.59%, a 3.32% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.